Form 4: Eagle Materials Inc. Director Michael R. Nicolais Reports Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
Director Michael R. Nicolais reported the acquisition of dividend equivalent restricted stock units related to previously disclosed RSU awards.
Summary
- Michael R. Nicolais, a director of Eagle Materials Inc., reported a transaction on July 15, 2024.
- The transaction involved the acquisition of 4.2595 dividend equivalent restricted stock units (DEUs).
- These DEUs are related to cash dividends paid by Eagle Materials Inc. on its common stock.
- The underlying RSU awards to which the DEUs relate were disclosed in previous Form 4 filings.
- Following the transaction, Nicolais beneficially owns 3,965.9204 derivative securities.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and dividend accruals, common in publicly traded companies. It provides transparency regarding the compensation and holdings of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves the accrual of dividend equivalents on existing equity awards.
Key Dates
| Date | Description |
|---|---|
| 07/28/2004 | Date of Form 4 filing disclosing underlying RSU awards. |
| 08/09/2005 | Date of Form 4 filing disclosing underlying RSU awards. |
| 07/31/2006 | Date of Form 4 filing disclosing underlying RSU awards. |
| 07/15/2024 | Date of transaction: Acquisition of dividend equivalent restricted stock units. |
| 07/17/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.