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

William R. Devlin, SVP, Controller of Eagle Materials Inc., reports the withholding of shares to cover income tax obligations related to the vesting of restricted stock.

Summary

• On May 15, 2025, 160 shares of Eagle Materials Inc. common stock were withheld to cover income tax obligations related to the vesting of restricted stock, at a price of $234.44 per share.
• Following this transaction, Devlin directly owns 20,927 shares of common stock.
• On May 18, 2025, 1,968 shares of Eagle Materials Inc. common stock were withheld to cover income tax obligations related to the vesting of restricted stock, at a price of $239.93 per share.
• Following this transaction, Devlin directly owns 18,959 shares of common stock.
• Devlin also indirectly owns 1,936 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, with neutral implications.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies. It provides transparency into insider transactions but doesn't necessarily indicate a strategic shift for Eagle Materials Inc.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The withholding of shares for tax obligations upon vesting of restricted stock is a common method of handling executive compensation taxes, aligning with standard industry practices.
• Comparable companies such as Martin Marietta Materials and Vulcan Materials also regularly disclose similar transactions by their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine tax-related stock withholding.

Key Dates

Keywords

Form 4, insider trading, stock withholding, restricted stock, William R. Devlin, Eagle Materials Inc., EXP