Form 4: Eagle Materials SVP Haddock Gains RSUs via Dividends

Alex Haddock, Senior Vice President at Eagle Materials Inc., accrued additional Restricted Stock Units through dividend equivalents on January 12, 2026.

Summary

• Alex Haddock, Senior Vice President of Eagle Materials Inc. (EXP), acquired additional Restricted Stock Units (RSUs) on January 12, 2026.
• The acquisition consisted of dividend equivalent Restricted Stock Units (DEUs) accrued in connection with cash dividends paid by Eagle Materials on its Common Stock.
• A total of 0.6589 DEUs were accrued, related to an underlying RSU award previously disclosed in a Form 3 filed on August 7, 2024.
• An additional 1.0992 DEUs were accrued, related to another underlying RSU award previously disclosed in a Form 4 filed on May 27, 2025.
• Following these transactions, Alex Haddock beneficially owns 633.8608 Restricted Stock Units related to the first award and 1,057.3999 Restricted Stock Units related to the second award.
• The transaction price for these dividend equivalent units was $0, as they represent accruals rather than direct purchases.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it indicates an increase in management's equity stake, aligning their interests with shareholders. However, it's a routine, non-cash transaction and not indicative of operational performance.

Positives

• The accrual of dividend equivalent Restricted Stock Units increases the equity stake of a Senior Vice President, further aligning management's interests with those of shareholders.
• This mechanism allows for the compounding of equity compensation, potentially enhancing long-term retention and motivation.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This Form 4 filing details a routine equity compensation adjustment for a senior executive, which is a common practice across various industries to align management incentives with shareholder value. It does not provide information directly related to broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction increases the equity alignment between a senior executive and shareholders, potentially fostering a greater focus on long-term shareholder value creation.
• Employees: This type of equity compensation structure can serve as a model for other employees, demonstrating the company's commitment to long-term incentive programs.

Key Dates

Keywords

Eagle Materials, EXP, Alex Haddock, Form 4, Restricted Stock Units, RSU, Dividend Equivalents, Equity Compensation, Insider Transaction