4/A: Martin Marietta Materials Executive Roselyn R. Bar Amends Form 4 Filing to Include Gross Shares Awarded from Performance Share Units
SEC Form 4/A (Amendment to Statement of Changes in Beneficial Ownership)
Roselyn R. Bar, EVP, General Counsel and Secretary of Martin Marietta Materials, amends a previous Form 4 filing to include the gross shares awarded upon achievement of performance goals related to performance share units.
Summary
- Roselyn R. Bar, an executive at Martin Marietta Materials, filed an amended Form 4 with the SEC.
- The amendment corrects a previous filing from February 22, 2024, which reported the shares reflecting the amount of taxes withheld in connection with the settlement of performance share units.
- The original filing did not include the gross shares awarded upon achievement of performance goals.
- The performance share units were granted on February 17, 2021, under the Martin Marietta Amended and Restated Stock Based Award Plan.
- The number of shares received depended on the achievement of performance goals during a three-year period from January 1, 2021, to December 31, 2023.
- On February 20, 2024, the Management Development and Compensation Committee certified the attainment of the performance goals and approved the settlement of the PSU grant.
- The transaction on February 21, 2024, resulted in Bar acquiring 4,664 shares of common stock at $0 price.
- Following the reported transaction, Bar beneficially owns 67,397 shares of common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation. The amendment suggests attention to detail and compliance, which is moderately positive.
Positives
- The amendment provides a more complete picture of the executive's holdings, including the gross shares awarded from performance share units.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Martin Marietta Materials.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/17/2021 | Date of grant of performance share units under the Martin Marietta Amended and Restated Stock Based Award Plan |
| 01/01/2021 | Start date of the three-year performance period for the performance share units |
| 12/31/2023 | End date of the three-year performance period for the performance share units |
| 02/20/2024 | Date the Management Development and Compensation Committee certified the attainment of the performance goals and approved the settlement of the PSU grant |
| 02/21/2024 | Date of the transaction where shares were acquired |
| 02/22/2024 | Date of original Form 4 filing |
| 02/27/2024 | Date of amended Form 4/A filing |
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