Form 4: Eagle Materials Inc. CEO Michael Haack Reports Changes in Beneficial Ownership
SEC Filing
Michael Haack, President and CEO of Eagle Materials Inc., reports changes in beneficial ownership due to dividend equivalent Restricted Stock Units.
Summary
- Michael Haack, the President and CEO of Eagle Materials Inc., filed a Form 4 with the SEC on October 21, 2024.
- The filing reports changes in his beneficial ownership of Eagle Materials Inc. securities.
- The changes are due to the accrual of dividend equivalent Restricted Stock Units (DEUs) related to a cash dividend paid by the Issuer on its Common Stock.
- Haack acquired 9.7501 Restricted Stock Units on October 17, 2024.
- Following the reported transaction, Haack owns 11,879.464 derivative securities.
- The underlying RSU award to which the DEUs relate was disclosed in a Form 4 filed on May 29, 2024.
Sentiment
Score: 7
Explanation: The document is a routine SEC filing related to executive compensation, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects ongoing compensation and alignment of executive interests with shareholders.
Stakeholder Impact
- The report provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date of previous Form 4 filing disclosing the underlying RSU award. |
| October 17, 2024 | Date of transaction: Acquisition of dividend equivalent Restricted Stock Units. |
| October 21, 2024 | Date of Form 4 filing. |
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