Form 4: Eagle Materials EVP Matt Newby Reports Acquisition of Restricted Stock
SEC Form 4 Filing
EVP and General Counsel of Eagle Materials, Matt Newby, reports the acquisition of 675 shares of restricted stock after performance vesting criteria were met.
Summary
- Matt Newby, EVP & General Counsel of Eagle Materials Inc., reported a transaction on May 8, 2025.
- Newby acquired 675 shares of common stock due to the achievement of performance vesting criteria.
- These shares were granted on May 23, 2023, and were subject to the company's average two-year return on equity measured at the end of fiscal 2025.
- The performance vesting criteria were met on May 8, 2025, making the shares earned and reportable.
- The restrictions on these shares will lapse on May 15, 2025.
- Following the reported transaction, Newby beneficially owns 19,940 shares of common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The vesting of restricted stock suggests the company is meeting its performance targets, which is a positive indicator. However, it's a routine disclosure and doesn't provide significant new information.
Positives
- The vesting of restricted stock indicates that the company met its performance targets related to return on equity.
- The acquisition of shares by an executive could be seen as a positive sign of confidence in the company's future performance.
Future Outlook
The document does not contain explicit forward-looking statements, but the vesting of restricted stock suggests the company is performing in line with expectations.
Industry Context
Form 4 filings are routine disclosures, but they provide insights into executive compensation and alignment with shareholder interests. The vesting of restricted stock based on ROE performance is a common practice to incentivize management.
Stakeholder Impact
- Shareholders may view the vesting of restricted stock positively, as it indicates the company is achieving its performance goals.
- The vesting of restricted stock incentivizes the executive to continue driving company performance.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Reporting person was granted 675 shares of restricted stock. |
| 05/08/2025 | Performance vesting criteria was determined to have been met such that 675 shares of restricted stock became earned and reportable. |
| 05/12/2025 | Date of signature for the Form 4 filing. |
| 05/15/2025 | Restrictions on the earned shares will lapse. |
Keywords
restricted stock, beneficial ownership, EVP & General Counsel, Eagle Materials, Form 4, Matt Newby, performance vesting
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