Form 4: Eagle Materials Director Michael Nicolais Exercises Stock Options, Adjusts Holdings

Director Michael Nicolais exercised stock options in Eagle Materials, resulting in changes to his directly and indirectly held shares.

Summary

• On August 7, 2024, Michael R. Nicolais, a director of Eagle Materials Inc., executed transactions involving the company's common stock and non-qualified stock options.
• Nicolais exercised non-qualified stock options to acquire 1,789 shares at a price of $91.95 per share.
• 691 shares were withheld to cover the exercise price, resulting in a net acquisition of 1,098 shares.
• Following these transactions, Nicolais directly owns 48,398 shares of common stock.
• He also indirectly owns shares through a profit-sharing plan (1,550 shares), his IRA (3,500 shares), and his wife's IRA (1,386 shares).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The exercise of stock options by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in the holdings of a director at Eagle Materials, which is relevant to investors monitoring insider activity.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders.

Key Dates