Form 4: Martin Marietta Materials Inc. Executive Reports Stock Transactions
SEC Form 4 Filing
Robert J. Cardin, Sr. VP, Controller and CAO of Martin Marietta Materials Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On February 23, 2024, Robert J. Cardin acquired 774 shares of common stock at $0.
- On February 26, 2024, Cardin disposed of 104 shares of common stock at $553.31.
- Following these transactions, Cardin directly owns 7,100 shares of common stock.
- Cardin also holds restricted stock units that vest pro rata in equal installments over three years from the date of grant.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies to ensure transparency and compliance with securities regulations.
Stakeholder Impact
- The reported transactions provide shareholders with insight into the executive's holdings and trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Acquisition of 774 shares of common stock |
| 02/26/2024 | Disposal of 104 shares of common stock |
| 02/27/2024 | Date of signature for the report |
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