Form 4: Eagle Materials Inc. CEO Michael Haack Acquires Shares Following Vesting of Restricted Stock

Michael Haack, President and CEO of Eagle Materials Inc., acquired 4,318 shares of common stock on May 8, 2025, following the satisfaction of performance-based vesting criteria.

Summary

• On May 8, 2025, Michael Haack, the President and CEO of Eagle Materials Inc., acquired 4,318 shares of common stock.
• This acquisition resulted from the vesting of restricted stock granted on May 23, 2023, contingent upon the company's achievement of specific performance criteria.
• The performance vesting criteria was based on Eagle Materials' average two-year return on equity measured at the end of fiscal year 2025.
• The vesting criteria were met, leading to the shares becoming earned and reportable on May 8, 2025.
• Restrictions on these earned shares are set to lapse on May 15, 2025.
• Following the transaction, Haack beneficially owns 82,239 shares of Eagle Materials Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The vesting of shares suggests the company met its performance targets, which is a positive indicator. The transaction itself is a routine part of executive compensation.

Positives

• The vesting of restricted stock indicates that Eagle Materials Inc. met its performance targets related to return on equity.
• Michael Haack's increased stake in the company aligns his interests with those of other shareholders.

Future Outlook

The document does not contain specific forward-looking statements or guidance.

Industry Context

This announcement is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the alignment of executive incentives with company performance.

Stakeholder Impact

• Shareholders may view the vesting of shares positively, as it indicates the company achieved its performance goals.
• Employees may be motivated by the company's ability to meet its performance targets.

Next Steps

• The restrictions on the earned shares will lapse on May 15, 2025.

Key Dates

Keywords

Eagle Materials Inc, Michael Haack, stock acquisition, restricted stock, vesting, performance criteria, return on equity, Form 4, beneficial ownership