Form 4: Eagle Materials Inc. Executive Eric Cribbs Reports Stock Transaction
SEC Form 4 Filing
Eric Cribbs, President (American Gypsum) at Eagle Materials Inc., reports disposition of 178 shares to cover tax obligations related to vesting restricted stock.
Summary
- On May 10, 2024, Eric Cribbs, President (American Gypsum) of Eagle Materials Inc., reported a transaction involving the disposition of 178 shares of common stock.
- The shares were disposed of to satisfy income tax withholding requirements related to the lapsing of restrictions on 450 shares of restricted stock awarded on May 23, 2023.
- The disposition price was $267.28 per share.
- Following the transaction, Cribbs directly owns 14,387 shares of Eagle Materials Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a standard stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related stock disposition.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Date of restricted stock award to Eric Cribbs. |
| 05/10/2024 | Date of stock transaction (disposition of shares). |
| 05/14/2024 | Date of Form 4 filing. |
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