Form 4: Eagle Materials Inc. Executive Matt Newby Reports Acquisition of Restricted Stock Units

EVP & General Counsel of Eagle Materials Inc., Matt Newby, reports the acquisition of 1,784 restricted stock units.

Summary

• Matt Newby, EVP & General Counsel of Eagle Materials Inc., filed a Form 4 on May 29, 2024, reporting a transaction.
• On May 24, 2024, Newby acquired 1,784 restricted stock units, each representing a contingent right to receive one share of Eagle Materials Inc. common stock.
• These restricted stock units vest ratably in three installments: on the first anniversary of the date of award, March 31, 2026, and March 31, 2027.
• Following the reported transaction, Newby directly owns 1,784 derivative securities.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating a routine transaction. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of restricted stock units by an executive can be seen as a positive sign, aligning the executive's interests with those of the shareholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The acquisition of restricted stock units by a company executive can potentially align their interests with those of shareholders.

Key Dates