Form 4: Eagle Materials Executive Reports Stock Transaction
Statement of Changes in Beneficial Ownership
Eric Cribbs, President of American Gypsum at Eagle Materials, reported a transaction involving the withholding of 355 shares to cover tax obligations.
Summary
- Eric Cribbs, President of American Gypsum at Eagle Materials Inc., engaged in a transaction on May 18, 2026.
- 355 shares of common stock were withheld by the issuer to cover income tax withholding requirements.
- These shares were related to the lapsing of restrictions on 900 restricted stock units awarded on May 23, 2023.
- The transaction resulted in a reduction of Mr. Cribbs' direct ownership of common stock by 355 shares.
- The price used for the withholding was $194.66 per share, representing the closing price on the previous trading day.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine administrative transaction related to executive compensation and tax obligations rather than a significant strategic event.
Positives
- The transaction addresses tax obligations related to restricted stock awards, ensuring compliance.
- The reporting person's restricted stock holdings are being managed in accordance with the issuer's equity incentive plan.
Negatives
- A portion of the executive's stock award was used to cover tax liabilities, reducing the net shares received.
Future Outlook
This filing pertains to a past transaction and does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, reflecting typical executive compensation practices and tax management within the building materials sector.
Stakeholder Impact
- Shareholders: No direct impact on share price or company operations is indicated by this transaction; it is an internal compensation matter.
- Employees: This transaction is specific to the reporting executive and does not directly impact other employees.
- Management: Reflects standard executive compensation and tax management practices.
Key Dates
| Date | Description |
|---|---|
| 05/18/2026 | Transaction Date for stock withholding |
| 05/23/2023 | Date of restricted stock award |
| 05/13/2026 | Date of previous Form 4 filing related to restricted stock award |
| 05/20/2026 | Date of signature on the Form 4 filing |
Keywords
Eagle Materials, Form 4, Stock Transaction, Executive Compensation, Restricted Stock, Tax Withholding, Eric Cribbs, American Gypsum
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