Form 4: Eagle Materials Inc. Executive Matt Newby Reports Stock Transactions
SEC Form 4 Filing
Matt Newby, EVP & General Counsel of Eagle Materials Inc., reports the acquisition and disposition of company stock on February 26, 2024.
Summary
- On February 26, 2024, Matt Newby, EVP & General Counsel of Eagle Materials Inc., engaged in transactions involving the company's common stock.
- Newby exercised options to acquire 2,940 shares at a price of $106.24.
- Simultaneously, Newby disposed of 2,940 shares at a weighted average price of $251.1514, with prices ranging from $251.15 to $251.18.
- Following these transactions, Newby directly owns 21,819 shares of Eagle Materials Inc. common stock.
- Newby also holds non-qualified stock options representing the right to buy 2,940 shares, exercisable from February 26, 2024, and expiring on May 17, 2028.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock acquisition and disposition. |
| 02/26/2024 | Date non-qualified stock options become exercisable. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
| 05/17/2028 | Expiration date of non-qualified stock options. |
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