Form 4: Eagle Materials Inc. Director David B. Powers Reports Acquisition of Restricted Stock
SEC Form 4 Filing
Director David B. Powers reports acquisition of 478 shares of restricted stock in Eagle Materials Inc. on August 1, 2024.
Summary
- On August 1, 2024, David B. Powers, a director of Eagle Materials Inc., acquired 478 shares of restricted stock.
- The restrictions on these shares will lapse on August 1, 2025.
- Following the transaction, Powers directly owns 1,133 shares of common stock and indirectly owns 18,009 shares through a spousal trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of restricted stock by a director can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment, as it indicates insider confidence.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of transaction: Reporting person granted 478 shares of restricted stock. |
| 08/01/2025 | Date restrictions will lapse on the 478 shares of restricted stock. |
| 08/05/2024 | Date of report. |
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