Form 4: Eagle Materials Inc. Executive Matt Newby Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP & General Counsel of Eagle Materials Inc., Matt Newby, reports a transaction involving the withholding of shares to cover income tax obligations related to the vesting of restricted stock.
Summary
- On March 31, 2025, Matt Newby, EVP & General Counsel of Eagle Materials Inc., reported a change in beneficial ownership of common stock.
- The transaction involved the withholding of 1,217 shares by the issuer to satisfy income tax withholding requirements.
- This withholding relates to the lapsing of restrictions on restricted stock awarded to Mr. Newby on various dates.
- The price per share for the transaction was $220.97, representing the closing price on the previous trading day.
- Following the transaction, Mr. Newby directly owns 19,265 shares of Eagle Materials Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/19/2021 | Date of restricted stock award (790 shares) |
| 05/19/2022 | Date of restricted stock award (1,525 shares) |
| 05/23/2023 | Date of restricted stock award (750 shares) |
| 03/31/2025 | Date of transaction (stock withholding) |
| 04/02/2025 | Date of signature |
Keywords
beneficial ownership, Form 4, Eagle Materials Inc, Matt Newby, stock withholding, restricted stock, insider trading
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