Form 4: Martin Marietta Materials SVP Acquires and Disposes of Common Stock
SEC Form 4
Michael J. Petro, SVP of Strategy and Development at Martin Marietta Materials, reports acquiring and disposing of common stock.
Summary
- On February 23, 2024, Michael J. Petro acquired 714 shares of Martin Marietta Materials common stock at $0 per share.
- These shares were likely granted as restricted stock units.
- On February 26, 2024, Petro disposed of 96 shares of common stock at a price of $553.31.
- Following these transactions, Petro beneficially owns 6,751.6026 shares of common stock directly.
- The restricted stock units vest pro rata in equal installments over three years from the date of grant.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small fraction of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Acquisition of 714 shares of common stock. |
| 02/26/2024 | Disposal of 96 shares of common stock. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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