4/A: Martin Marietta Materials Inc. Executive Reports Amended Filing on Stock Transactions

Kelly Gean Bennett, a Senior VP at Martin Marietta Materials Inc., files an amendment to a previous Form 4, detailing stock transactions related to performance share units.

Summary

• Kelly Gean Bennett, a Senior VP at Martin Marietta Materials Inc., filed an amended Form 4 with the SEC.
• The amendment corrects a previous filing from February 22, 2024, regarding the settlement of performance share units (PSUs) into common stock.
• The original filing did not include the gross shares awarded upon achievement of performance goals.
• The shares were granted under the Martin Marietta Amended and Restated Stock Based Award Plan on February 17, 2021.
• The number of shares received depended on the achievement of performance goals over 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 reporting person acquired 339 shares of common stock at $0 on February 21, 2024.
• Following the reported transaction, the reporting person beneficially owns 3,596 shares.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It corrects a previous filing related to stock transactions, which is a standard corporate governance procedure.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• Shareholders may be interested in the details of executive compensation and stock ownership.

Key Dates