Form 4: Eagle Materials Inc. Executive Cribbs Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Eric Cribbs, President (American Gypsum) at Eagle Materials Inc., disposed of 950 shares to cover income tax withholding related to the vesting of restricted stock.
Summary
- On March 31, 2025, Eric Cribbs, President (American Gypsum) of Eagle Materials Inc., disposed of 950 shares of common stock to satisfy income tax withholding requirements.
- The shares were withheld by the issuer in accordance with the company's 2023 Equity Incentive Plan.
- The disposal price was $220.97 per share.
- Following the transaction, Cribbs directly owns 11,987 shares of Eagle Materials Inc.
- The tax withholding relates to the lapsing of restrictions on restricted stock awarded on May 23, 2023 (500 shares), May 19, 2022 (981 shares), and May 19, 2021 (888 shares).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax-related stock disposal, common when restricted stock vests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/19/2021 | Date of restricted stock award (888 shares) to Eric Cribbs. |
| 05/19/2022 | Date of restricted stock award (981 shares) to Eric Cribbs. |
| 05/23/2023 | Date of restricted stock award (500 shares) to Eric Cribbs. |
| 03/31/2025 | Date of stock disposal by Eric Cribbs to cover tax obligations. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Insider Trading, Stock Disposal, Equity Incentive Plan, Restricted Stock, Tax Withholding, Eagle Materials Inc., Cribbs Eric
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.