Form 4: Eagle Materials Inc. Executive Matt Newby Reports Acquisition of Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
Matt Newby, EVP & General Counsel of Eagle Materials Inc., reports the acquisition of dividend equivalent restricted stock units (DEUs) related to a previously disclosed RSU award.
Summary
- On July 15, 2024, Matt Newby, EVP & General Counsel of Eagle Materials Inc., acquired 1.9129 dividend equivalent restricted stock units (DEUs).
- These DEUs are related to a cash dividend paid by the issuer 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 this transaction, Mr. Newby directly owns 1,785.9129 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing reporting an insider transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date of previous Form 4 filing disclosing the underlying RSU award. |
| July 15, 2024 | Date of transaction: acquisition of dividend equivalent restricted stock units. |
| July 17, 2024 | Date of signature on the Form 4 filing. |
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