Form 4: EVP & General Counsel Newby Boosts Eagle Materials RSU Holdings

Eagle Materials' EVP & General Counsel Matt Newby acquired additional Restricted Stock Units through dividend equivalents.

Summary

• Matt Newby, EVP & General Counsel of Eagle Materials Inc. (EXP), acquired additional Restricted Stock Units (RSUs).
• These acquisitions represent dividend equivalent units (DEUs) accrued in connection with cash dividends paid by the Issuer on its Common Stock.
• On January 12, 2026, Newby acquired 1.2444 DEUs related to an RSU award previously disclosed in a Form 4 filed on May 29, 2024.
• On the same date, Newby acquired 1.7396 DEUs related to another RSU award previously disclosed in a Form 4 filed on May 27, 2025.
• Following these transactions, Newby beneficially owns 1,197.0657 Restricted Stock Units (related to the first DEU accrual) and 1,673.3805 Restricted Stock Units (related to the second DEU accrual).

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The transaction is a routine accrual of dividend equivalents on existing RSU awards, which is an expected part of executive compensation for dividend-paying companies. It reflects continued equity alignment but not a new investment decision.

Positives

• Increased beneficial ownership of company equity by a key executive, which generally aligns management's interests with those of shareholders.
• The acquisition of dividend equivalent units indicates the executive is holding onto existing RSU awards, rather than selling them.

Future Outlook

NA

Industry Context

This filing details a routine insider transaction related to executive compensation, specifically the accrual of dividend equivalent units on existing Restricted Stock Unit awards. It does not provide information directly related to broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: The transaction indicates continued alignment of executive interests with shareholder interests due to increased equity ownership through dividend reinvestment in RSUs.

Key Dates

Recommendation

This Form 4 reports the routine accrual of dividend equivalent Restricted Stock Units by an executive. While it indicates continued alignment of management's interests with shareholders, it does not represent a new investment decision or a significant change in the company's fundamentals that would warrant a change in investment recommendation based solely on this filing. Therefore, a 'hold' recommendation is appropriate as this is a standard, non-material event.

Keywords

Eagle Materials, EXP, Matt Newby, Form 4, Restricted Stock Units, RSU, Dividend Equivalents, Insider Transaction, Executive Compensation, Beneficial Ownership