Form 4: Eagle Materials EVP and CFO, D. Craig Kesler, Reports Changes in Beneficial Ownership

D. Craig Kesler, EVP and CFO of Eagle Materials Inc., reports the withholding of 2,831 shares to cover income tax obligations related to the vesting of restricted stock.

Summary

• On March 31, 2024, D. Craig Kesler, the EVP and CFO of Eagle Materials Inc., reported a transaction involving common stock.
• A total of 2,831 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on previously awarded restricted stock.
• The price per share for the tax withholding was $271.75, based on the closing price of the common stock on the previous trading day, in accordance with the company's 2023 Equity Incentive Plan.
• Following the transaction, Kesler directly owns 59,779 shares of common stock.
• Kesler also indirectly owns 160 shares through a Reporting Person's IRA and 2,240 shares through a 401(k).

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Executive compensation practices, including the use of restricted stock and tax withholding, are common across publicly traded companies.
• The specific details of the equity incentive plan and the amount of restricted stock awarded vary from company to company based on factors such as company size, industry, and performance.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it relates to the executive's ownership and the company's share count.
• The transaction impacts the executive as it relates to their compensation and tax obligations.

Key Dates