Form 4: Eagle Materials Inc. Executive Matt Newby Reports Acquisition of Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
EVP & General Counsel of Eagle Materials Inc., Matt Newby, reports the acquisition of dividend equivalent restricted stock units (DEUs) related to a previously disclosed RSU award.
Summary
- On January 13, 2025, Matt Newby, EVP & General Counsel of Eagle Materials Inc., reported acquiring 1.8659 dividend equivalent restricted stock units (DEUs).
- These DEUs are related to a cash dividend paid by Eagle Materials Inc. 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 reported transaction, Newby beneficially owns 1,789.2458 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction related to dividend equivalents, with no inherent positive or negative implications.
Industry Context
This is a routine disclosure of insider transactions, specifically the acquisition of dividend equivalent units, which is a common practice in executive compensation.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date of Form 4 filing disclosing the underlying RSU award. |
| January 13, 2025 | Date of transaction: acquisition of dividend equivalent restricted stock units. |
| January 15, 2025 | Date of signature on the Form 4 filing. |
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