Form 4: Eagle Materials SVP, Controller Reports Routine Equity Awards and Share Transactions

William R. Devlin, SVP and Controller of Eagle Materials Inc., reported the acquisition of common stock through equity awards and the grant of new restricted stock units and stock options, alongside a tax-related share disposition.

Summary

• William R. Devlin, SVP, Controller of Eagle Materials Inc. (EXP), reported transactions involving the company's common stock and derivative securities.
• On May 24, 2025, Mr. Devlin acquired 317 shares of common stock at a price of $214.37 per share, likely through the conversion of restricted stock units.
• Concurrently, on May 24, 2025, 125 shares of common stock were disposed of at $214.37 per share, typically for tax withholding purposes related to the equity award vesting.
• Following these transactions, Mr. Devlin directly beneficially owns 19,151 shares of common stock and indirectly owns 1,936 shares via a 401(k) plan.
• On May 22, 2025, Mr. Devlin was granted 790 Restricted Stock Units (RSUs) and 619 Non-Qualified Stock Options.
• The newly granted RSUs and stock options will vest ratably in three installments: on the first anniversary of the award date, on March 31, 2027, and on March 31, 2028.
• The Non-Qualified Stock Options have an exercise price of $213.66 and an expiration date of May 22, 2035.
• An additional 317 Restricted Stock Units were converted on May 24, 2025, reducing the derivative RSU balance to 631.8228 units, which aligns with the acquisition of common stock reported.

Sentiment

Score: 7

Explanation: The filing indicates routine equity compensation awards and the exercise of previously granted units, leading to an increase in direct share ownership for a key executive, which generally aligns management interests with shareholders. The tax-related sale is a standard, non-discretionary event.

Positives

• The grant of 790 Restricted Stock Units and 619 Non-Qualified Stock Options aligns management's interests with shareholders by providing equity-based compensation.
• The acquisition of 317 shares of common stock increases the direct beneficial ownership of a key executive, demonstrating continued investment in the company.

Negatives

• A disposition of 125 shares of common stock occurred, likely for tax withholding purposes, which is a common practice but reduces direct share count.

Future Outlook

The future outlook indicates continued vesting of equity awards for the SVP, Controller, with tranches scheduled to vest on the first anniversary of the award date, March 31, 2027, and March 31, 2028, for the most recent grants. Additionally, previously granted RSUs will continue to vest through March 31, 2027.

Industry Context

This Form 4 filing reflects routine executive compensation practices within publicly traded companies, where equity awards like Restricted Stock Units and stock options are commonly used to incentivize and retain key personnel, aligning their financial interests with long-term company performance. Such filings are standard disclosures and do not typically indicate broader industry trends.

Stakeholder Impact

• Shareholders: The equity awards align the interests of a key executive with shareholders, as the executive's compensation is tied to the company's stock performance.

Next Steps

• Future vesting of 790 Restricted Stock Units on the first anniversary of the award date, March 31, 2027, and March 31, 2028.
• Future vesting of 619 Non-Qualified Stock Options on the first anniversary of the award date, March 31, 2027, and March 31, 2028.
• Future vesting of remaining 631.8228 Restricted Stock Units from previous grants, with tranches on March 31, 2026, and March 31, 2027.

Key Dates

Keywords

Eagle Materials Inc., EXP, Form 4, Insider Trading, Restricted Stock Units, Stock Options, Equity Compensation, Beneficial Ownership, Executive Compensation