Form 4: Martin Marietta Materials CEO Howard Nye Reports Stock Transactions
SEC Form 4 Filing
Chairman, President, and CEO of Martin Marietta Materials, Howard Nye, reports acquisition and disposal of company stock.
Summary
- Howard Nye, Chairman, President, and CEO of Martin Marietta Materials Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 23, 2024, Nye acquired 3,373 shares of common stock at a price of $438.94 per share.
- On the same day, Nye also acquired 6,633 shares at $0.
- On February 26, 2024, Nye disposed of 1,236 shares at $553.31.
- Following these transactions, Nye directly owns 149,640 shares of common stock.
- Nye also indirectly owns 75,400 shares through the Charles Howard Nye Irrevocable Trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing. The sentiment is neutral as it simply reports transactions.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be a signal to investors.
Stakeholder Impact
- The transactions may influence investor perception of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Acquisition of 3,373 shares at $438.94 and 6,633 shares at $0. |
| 02/26/2024 | Disposal of 1,236 shares at $553.31. |
| 02/27/2024 | Date of signature by attorney-in-fact. |
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