Form 4: Eagle Materials Inc. CEO Michael Haack Reports Changes in Beneficial Ownership

Michael Haack, President and CEO of Eagle Materials Inc., reports a transaction involving the withholding of shares to cover income tax obligations related to the vesting of restricted stock.

Summary

• On May 10, 2024, Michael Haack, the President and CEO of Eagle Materials Inc., reported a change in beneficial ownership of the company's common stock.
• The transaction involved the withholding of 1,700 shares by the issuer to satisfy income tax withholding requirements.
• This withholding was related to the lapsing of restrictions on 4,318 shares of restricted stock awarded to Mr. Haack on May 23, 2023.
• The shares were withheld at a price of $267.28 per share, which represents the closing price of the common stock on the previous trading day.
• Following the transaction, Mr. Haack directly owns 85,811 shares of Eagle Materials Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock, which is a common form of executive compensation.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates