Form 4: Eagle Materials Director Michael Nicolais Reports Stock Grant and Option Award

Director Michael Nicolais reported the acquisition of restricted stock and stock options in Eagle Materials Inc.

Summary

• On August 1, 2024, Michael R. Nicolais, a director of Eagle Materials Inc., acquired 1,216 shares of common stock.
• These shares were granted as restricted stock, with restrictions lapsing on August 1, 2025.
• Nicolais also acquired 959 non-qualified stock options with an exercise price of $261.76, exercisable from August 1, 2025, and expiring on August 1, 2034.
• Following these transactions, Nicolais directly owns 47,300 shares of common stock.
• He also indirectly owns 1,550 shares through a profit-sharing plan, 3,500 shares through his IRA, and 1,386 shares through his wife's IRA.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock and option grants to a company director.

Positives

• The grant of restricted stock and stock options to a director could be seen as an incentive to align their interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The grant of stock options and restricted stock aligns the director's interests with those of the shareholders.

Key Dates