4/A: Martin Marietta Executive Oliver W. Brooks Amends Filing to Disclose Full Share Award After Performance Goal Achievement

Oliver W. Brooks, SVP at Martin Marietta Materials, amends a previous SEC filing to include the gross shares awarded upon achievement of performance goals related to performance share units.

Summary

• Oliver W. Brooks, a Senior Vice President at Martin Marietta Materials, filed an amended Form 4 with the SEC.
• The amendment corrects a previous filing from February 22, 2024, which reported shares reflecting taxes withheld upon settlement of performance share units (PSUs).
• The original filing did not include the gross number of shares awarded upon achievement of performance goals.
• The PSUs were granted on February 17, 2021, under the Martin Marietta Amended and Restated Stock Based Award Plan.
• The number of shares received depended on performance goals achieved between January 1, 2021, and December 31, 2023.
• On February 20, 2024, the Management Development and Compensation Committee certified the attainment of these goals and approved the PSU settlement.
• The amended filing shows that Brooks acquired 262 shares of common stock on February 21, 2024, at a price of $0.
• Following the reported transaction, Brooks beneficially owns 3,944 shares of common stock.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply corrects a previous omission in reporting executive stock ownership. The achievement of performance goals is a positive, but this is already factored into the executive compensation structure.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the holdings of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates