Form 4: Eagle Materials Inc. CEO Michael Haack Reports Acquisition of Restricted Stock Units
SEC Form 4
Michael Haack, President and CEO of Eagle Materials Inc., reports the acquisition of dividend equivalent Restricted Stock Units (DEUs) related to a previously disclosed RSU award.
Summary
- On July 15, 2024, Michael Haack, the President and CEO of Eagle Materials Inc., acquired 12.7139 Restricted Stock Units (RSUs) as dividend equivalents.
- These DEUs are related to a cash dividend paid by the Issuer on its Common Stock.
- The underlying RSU award to which the DEUs relate was disclosed in a Form 4 filed on May 29, 2024.
- Following the transaction, Mr. Haack directly owns 11,869.7139 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing related to dividend equivalents, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of dividend equivalent Restricted Stock Units (DEUs) has a minor positive impact on Mr. Haack's holdings.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date of previous Form 4 filing disclosing the underlying RSU award. |
| July 15, 2024 | Date of transaction: Acquisition of dividend equivalent Restricted Stock Units. |
| July 17, 2024 | Date of signature on the Form 4 filing. |
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