Form 4: Eagle Materials SVP, Controller William R. Devlin Reports Stock Transaction
SEC Form 4 Filing
William R. Devlin, SVP, Controller of Eagle Materials Inc., reports a transaction involving common stock related to tax withholding requirements on restricted stock.
Summary
- On March 31, 2024, William R. Devlin, SVP, Controller of Eagle Materials Inc., had 1,423 shares of common stock withheld by the issuer to satisfy income tax withholding requirements.
- This was related to the lapsing of restrictions on restricted stock awarded on various dates from 2020 to 2023.
- The price per share for the transaction was $271.75, representing the closing price on the previous trading day.
- Following the transaction, Devlin directly owns 23,575 shares of common stock and indirectly owns 1,936 shares through a 401(k).
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly 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 a standard tax withholding procedure related to the vesting of restricted stock.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of the stock transaction (tax withholding) |
| 04/02/2024 | Date of the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.