Form 4: Eagle Materials Inc. Executive William R. Devlin Reports Acquisition of Restricted Stock Units
SEC Form 4
William R. Devlin, SVP, Controller of Eagle Materials Inc., reports the acquisition of additional Restricted Stock Units (RSUs) due to dividend equivalents.
Summary
- On July 15, 2024, William R. Devlin, SVP, Controller of Eagle Materials Inc., acquired 1.0133 Restricted Stock Units (RSUs) as dividend equivalents.
- These RSUs are connected to a cash dividend paid by Eagle Materials Inc. on its Common Stock.
- Following this transaction, Devlin directly owns 946.0133 RSUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the acquisition of dividend equivalent units, which is a common practice.
Stakeholder Impact
- The acquisition of RSUs by an executive may have a minor positive impact on shareholder sentiment due to alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 05/29/2024 | Date of Form 4 filing disclosing the underlying RSU award to which the DEUs relate. |
| 07/15/2024 | Date of transaction: Acquisition of Restricted Stock Units (RSUs) as dividend equivalents. |
| 07/17/2024 | Date of signature for the Form 4 filing. |
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