Form 4: Eagle Materials Inc. EVP and CFO Reports Acquisition of Restricted Stock Units

Dale Craig Kesler, EVP and CFO of Eagle Materials Inc., reports the acquisition of dividend equivalent Restricted Stock Units (DEUs) related to a previously disclosed RSU award.

Summary

• On January 13, 2025, Dale Craig Kesler, the EVP and CFO of Eagle Materials Inc., acquired 2.9631 dividend equivalent Restricted Stock Units (DEUs).
• 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, Kesler directly owns 2,841.3304 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation practices. The acquisition of DEUs is a standard procedure and doesn't indicate any significant positive or negative development for the company.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It reflects standard practices for granting and accruing dividend equivalents on restricted stock units.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) and dividend equivalents to align executive interests with shareholder value.
• Companies like Martin Marietta Materials (MLM) and Vulcan Materials Company (VMC) also utilize RSUs as part of their executive compensation plans.
• The accrual of dividend equivalents on RSUs is a common practice to ensure executives receive the same economic benefit as common shareholders during the vesting period.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, employees, customers, suppliers, and creditors.
• It primarily affects the executive's compensation and alignment with shareholder interests.

Key Dates