Form 4: Martin Marietta Materials Executive Reports Stock Transactions
SEC Form 4 Filing
Robert J. Cardin, Sr. VP, Controller and CAO of Martin Marietta Materials, reports acquisition and disposal of company stock.
Summary
- On February 21, 2025, Robert J. Cardin acquired 795 shares of Martin Marietta Materials common stock at $0, likely through a restricted stock unit award.
- These restricted stock units vest pro rata in equal installments over three years from the date of grant.
- On February 24, 2025, Cardin disposed of 216 shares of common stock at a price of $490.64.
- Following these transactions, Cardin directly owns 8,229 shares of Martin Marietta Materials common stock.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Robert J. Cardin acquired 795 shares of Martin Marietta Materials common stock. |
| 02/24/2025 | Robert J. Cardin disposed of 216 shares of common stock at $490.64 per share. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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