Form 4: Eagle Materials Director Richard Beckwitt Receives Restricted Stock Grant

Director Richard Beckwitt of Eagle Materials Inc. was granted 1,100 shares of restricted stock on August 1, 2024, which will vest on August 1, 2025.

Summary

• Richard Beckwitt, a director at Eagle Materials Inc., received 1,100 shares of restricted stock on August 1, 2024.
• The restrictions on these shares will lapse on August 1, 2025.
• Following this transaction, Beckwitt beneficially owns 22,041 shares of Eagle Materials Inc. common stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing indicating a standard compensation practice. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders, incentivizing him to work towards the company's long-term success.

Industry Context

This is a standard practice for compensating and incentivizing board members in publicly traded companies.

Comparison to Industry Standards

• Granting restricted stock to directors is a common practice among publicly traded companies to align their interests with those of shareholders.
• The amount of stock granted can vary widely depending on the company's size, performance, and compensation policies.
• Similar companies like Martin Marietta Materials and Vulcan Materials Company also utilize stock grants as part of their director compensation packages.

Stakeholder Impact

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

Key Dates