Form 4: Martin Marietta Materials SVP, CHRO Kelly Gean Bennett Reports Stock Transactions

Kelly Gean Bennett, SVP, CHRO of Martin Marietta Materials, reports acquisition and disposal of common stock and restricted stock units.

Summary

• On February 23, 2024, Kelly Gean Bennett acquired 286 shares of Martin Marietta Materials Inc. common stock at a price of $525.85 per share.
• On the same day, Bennett acquired 687 restricted stock units, also at a price of $525.85 per unit.
• On February 26, 2024, Bennett disposed of 115 shares of common stock at a price of $553.31 per share.
• Following these transactions, Bennett directly owns 4,454 shares of Martin Marietta Materials Inc. common stock.
• The restricted stock units vest over time, with one award cliff vesting on September 1, 2028, and another vesting pro rata over three years from the grant date.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information about the insider's trading activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock. These filings are closely watched by investors seeking insights into management's perspective on the company's value and future prospects.

Stakeholder Impact

• Shareholders may be interested in the trading activity of company insiders as an indicator of management's confidence in the company's prospects.

Key Dates