Form 4: Eagle Materials Inc. Executive Michael Haack Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Michael Haack, President and CEO of Eagle Materials Inc., reports acquiring additional Restricted Stock Units (RSUs) due to dividend equivalents.
Summary
- On January 13, 2025, Michael Haack, President and CEO of Eagle Materials Inc., acquired 12.4013 Restricted Stock Units (RSUs) representing dividend equivalents.
- These RSUs are related to a previous RSU award disclosed in a Form 4 filing on May 29, 2024.
- Following this transaction, Mr. Haack directly owns 11,891.8653 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders. This filing indicates that the executive is receiving dividend equivalents on previously granted stock awards, which is a common practice.
Stakeholder Impact
- The transaction increases the executive's stake in the company, aligning his interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date of previous Form 4 filing disclosing the underlying RSU award. |
| January 13, 2025 | Date of transaction: Acquisition of dividend equivalent Restricted Stock Units. |
| January 15, 2025 | Date of signature on the Form 4 filing. |
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