Form 4: Eagle Materials Inc. Executive Eric Cribbs Reports Acquisition of Restricted Stock
SEC Form 4 Filing
Eric Cribbs, President (American Gypsum) at Eagle Materials Inc., reports the acquisition of 450 shares of common stock on May 8, 2025, due to the vesting of restricted stock based on the company's performance.
Summary
- On May 8, 2025, Eric Cribbs, President (American Gypsum) of Eagle Materials Inc., reported acquiring 450 shares of common stock.
- This acquisition is a result of performance-based restricted stock granted on May 23, 2023, which vested upon the company achieving certain return on equity targets at the end of fiscal year 2025.
- The restrictions on these shares will lapse on May 15, 2025.
- Following this transaction, Cribbs beneficially owns 12,437 shares of Eagle Materials Inc. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The vesting of restricted stock indicates the company met its performance targets, but it's a routine transaction.
Positives
- The vesting of performance-based restricted stock suggests that Eagle Materials Inc. met its return on equity targets, which is a positive indicator of company performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings and transactions of company executives.
Stakeholder Impact
- The vesting of restricted stock could have a minor positive impact on shareholder confidence, as it suggests the company is meeting its performance goals.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Reporting person was granted 450 shares of restricted stock. |
| 05/08/2025 | Performance vesting criteria was met, and 450 shares of restricted stock became earned and reportable. |
| 05/12/2025 | Date of signature for the report. |
| 05/15/2025 | Restrictions on the earned shares will lapse. |
Keywords
Form 4, Beneficial Ownership, Eric Cribbs, Eagle Materials Inc, EXP, Restricted Stock, Performance Vesting, Insider Transaction
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