Form 4: Eagle Materials Inc. Executive Cribbs Reports Stock Disposal for Tax Obligations

Eric Cribbs, President (American Gypsum) at Eagle Materials Inc., disposed of 1,539 shares of common stock to cover income tax withholding requirements related to the vesting of restricted stock.

Summary

• On March 31, 2024, Eric Cribbs, President (American Gypsum) of Eagle Materials Inc., disposed of 1,539 shares of common stock to satisfy income tax withholding requirements.
• The disposal was related to the lapsing of restrictions on previously awarded restricted stock.
• The price per share for the transaction was $271.75, based on the closing price of the common stock on the previous trading day according to the issuer's 2023 Equity Incentive Plan.
• Following the transaction, Cribbs directly owns 14,115 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. This transaction is a common occurrence where shares are withheld to cover tax obligations upon the vesting of restricted stock.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates