Form 4: Eagle Materials Executive Acquires Dividend Equivalent Stock Units
Insider Transaction Report
Matt Newby, EVP & General Counsel of Eagle Materials Inc., increased his beneficial ownership of the company's common stock through the acquisition of dividend equivalent Restricted Stock Units.
Summary
- Matt Newby, Executive Vice President and General Counsel of Eagle Materials Inc. (EXP), acquired additional Restricted Stock Units (RSUs) on July 14, 2025.
- These acquisitions represent dividend equivalent units (DEUs) accrued in connection with cash dividends paid by Eagle Materials on its Common Stock.
- A total of 1.3522 DEUs were accrued related to an RSU award previously disclosed on May 29, 2024.
- An additional 1.8903 DEUs were accrued related to another RSU award previously disclosed on May 27, 2025.
- The acquisition price for these DEUs was $0, as they are dividend equivalents.
- Following these transactions, Matt Newby beneficially owns 1,194.569 Restricted Stock Units (related to the first DEU accrual) and 1,669.8903 Restricted Stock Units (related to the second DEU accrual), totaling 2,864.4593 units.
Sentiment
Score: 6
Explanation: The filing reports a routine acquisition of dividend equivalent Restricted Stock Units by an executive, which slightly increases insider ownership but is not indicative of a major strategic shift or significant new information.
Positives
- The acquisition of dividend equivalent units by an executive slightly increases insider ownership, aligning management interests with shareholders.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine compensation-related transaction that slightly increases insider alignment.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of disclosure for the underlying RSU award related to the first dividend equivalent unit accrual. |
| 05/27/2025 | Date of disclosure for the underlying RSU award related to the second dividend equivalent unit accrual. |
| 07/14/2025 | Transaction date for the acquisition of dividend equivalent Restricted Stock Units by Matt Newby. |
| 07/16/2025 | Filing date of the Form 4 statement. |
Keywords
Eagle Materials Inc., EXP, Matt Newby, Form 4, SEC filing, insider transaction, Restricted Stock Units, RSU, dividend equivalent units, DEU, executive compensation
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