Form 4: Eagle Materials Inc. Executive Matt Newby Reports Acquisition of Restricted Stock Units
SEC Form 4
EVP & General Counsel of Eagle Materials Inc., Matt Newby, reports the acquisition of dividend equivalent Restricted Stock Units.
Summary
- On October 17, 2024, Matt Newby, EVP & General Counsel of Eagle Materials Inc., reported the acquisition of 1,467 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 the transaction, Newby directly owns 1,787.3799 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of executive compensation.
Industry Context
This is a routine disclosure related to executive compensation and dividend accruals, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it relates to executive compensation.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date of Form 4 filing disclosing the underlying RSU award. |
| October 17, 2024 | Date of transaction: acquisition of dividend equivalent Restricted Stock Units. |
| October 21, 2024 | Date of signature on the Form 4 filing. |
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.