Form 4: Eagle Materials Inc. Executive William R. Devlin Reports Acquisition of Dividend Equivalent Restricted Stock Units
SEC Form 4 Filing
William R. Devlin, SVP, Controller of Eagle Materials Inc., reports the acquisition of dividend equivalent restricted stock units (DEUs) related to a previously disclosed RSU award.
Summary
- On October 17, 2024, William R. Devlin, SVP, Controller of Eagle Materials Inc., reported the acquisition of 0.7771 dividend equivalent restricted stock units (DEUs).
- These DEUs are related to a cash dividend paid by Eagle Materials Inc. on its common stock.
- The underlying RSU award to which the DEUs relate was disclosed in a Form 4 filed on May 29, 2024.
- Following the transaction, Devlin beneficially owns 946.7904 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It reflects the standard practice of compensating executives with stock-based awards and dividend equivalents.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment to executive compensation.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | Date of Form 4 filing disclosing the underlying RSU award. |
| October 17, 2024 | Date of transaction: acquisition of dividend equivalent restricted stock units. |
| October 21, 2024 | Date of signature on the Form 4 filing. |
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