Form 4: Eagle Materials SVP Controller Accrues DEUs

Eagle Materials' SVP, Controller, William R. Devlin, accrued additional dividend equivalent restricted stock units (DEUs) on January 12, 2026, tied to cash dividends.

Summary

• William R. Devlin, SVP, Controller of Eagle Materials Inc. (EXP), reported changes in beneficial ownership via a Form 4 filing.
• On January 12, 2026, Mr. Devlin acquired 0.6589 Dividend Equivalent Restricted Stock Units (DEUs) related to a cash dividend paid by the Issuer.
• These DEUs are connected to an underlying RSU award previously disclosed in a Form 4 filed on May 29, 2024.
• Additionally, on January 12, 2026, Mr. Devlin acquired 0.8239 DEUs, also in connection with a cash dividend.
• These additional DEUs relate to another RSU award disclosed in a Form 4 filed on May 27, 2025.
• Following these transactions, Mr. Devlin beneficially owns 633.8608 Restricted Stock Units related to the first accrual and 792.5483 Restricted Stock Units related to the second accrual.
• The acquisition price for these derivative securities (DEUs) was $0, as they represent accrued dividends on existing RSU awards.

Sentiment

Score: 6

Explanation: The filing reports a routine, non-discretionary increase in insider beneficial ownership through dividend equivalent units, which generally aligns management interests with shareholders. This is a neutral to slightly positive event.

Positives

• The accrual of Dividend Equivalent Units (DEUs) increases the reporting person's beneficial ownership in the company, aligning management's interests more closely with shareholders.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor positive impact due to increased alignment of management's interests with shareholder value through additional equity holdings.

Key Dates

Keywords

Eagle Materials, EXP, Form 4, Insider Transaction, Restricted Stock Units, Dividend Equivalent Units, Beneficial Ownership, Corporate Governance