Form 4: Eagle Materials Inc. Executive William R. Devlin Reports Stock Transaction

William R. Devlin, SVP and Controller at Eagle Materials Inc., reports the withholding of 160 shares for tax obligations related to restricted stock.

Summary

• On May 10, 2024, William R. Devlin, SVP and Controller of Eagle Materials Inc., had 160 shares of common stock withheld by the issuer to cover income tax obligations.
• This withholding was related to the vesting of 405 shares of restricted stock granted on May 23, 2023.
• The price per share for the transaction was $267.28, based on the closing price of the common stock on the previous trading day, as per the 2023 Equity Incentive Plan.
• Following the transaction, Devlin directly owns 23,820 shares of Eagle Materials Inc. common stock and indirectly owns 1,936 shares through a 401(k).

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock transaction. There is no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The details disclosed are consistent with SEC regulations and industry norms for reporting insider transactions.
• Similar filings can be observed for executives at comparable companies in the materials sector, such as Martin Marietta Materials and Vulcan Materials Company.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency to shareholders regarding executive stock ownership.

Key Dates