Form 4: Eagle Materials Inc. Executive Matt Newby Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Matt Newby, EVP & General Counsel of Eagle Materials Inc., reports the disposal of 1,746 shares to cover income tax withholding requirements related to the vesting of restricted stock.
Summary
- On March 31, 2024, Matt Newby, EVP & General Counsel of Eagle Materials Inc., disposed of 1,746 shares of common stock to satisfy income tax withholding requirements.
- The shares were disposed of at a price of $271.75 per share.
- This transaction relates to the lapsing of restrictions on previously awarded restricted stock.
- Following the transaction, Newby directly owns 20,073 shares of Eagle Materials Inc.
- The transaction was executed under the company's 2023 Equity Incentive Plan.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures. It doesn't indicate any positive or negative sentiment regarding the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock, which is a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: disposal of shares for tax withholding. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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