Form 4: Eagle Materials Inc. Executive Tony Thompson Reports Stock Transaction

Tony Thompson, a Senior Vice President at Eagle Materials Inc., reported the withholding of 160 common stock shares to cover income tax obligations related to restricted stock.

Summary

• On May 10, 2024, Tony Thompson, a Senior Vice President of Eagle Materials Inc., reported a transaction involving the company's common stock.
• The transaction involved the withholding of 160 shares of common stock by the issuer to satisfy income tax withholding requirements.
• This withholding was related to the lapsing of restrictions on 405 shares of restricted stock awarded to Thompson on May 23, 2023.
• The price per share for the transaction was $267.28, representing the closing price on the previous trading day.
• Following the transaction, Thompson directly owns 13,212 shares of Eagle Materials Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard tax withholding procedures related to executive compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to the vesting of restricted stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
• The transaction affects Tony Thompson's direct stock ownership.

Key Dates