Form 4: Vulcan Materials CEO J. Thomas Hill Reports Stock Transactions
SEC Form 4
Vulcan Materials CEO J. Thomas Hill reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- J. Thomas Hill, Chairman & CEO of Vulcan Materials Co., reported transactions involving Vulcan Materials CO [VMC] common stock.
- On February 18, 2025, 7,300 Restricted Stock Units (RSUs) vested and were converted into common stock.
- Also on February 18, 2025, 7,300 shares were acquired at an unspecified price.
- On February 19, 2025, 3,066 shares were disposed of at a price of $272.76 per share to cover tax obligations.
- Following these transactions, Hill directly owns 43,162.665 shares of common stock and indirectly owns 33,592.528 shares through a 401(k).
- The RSUs cliff vest on the specified date and are settled in shares of Vulcan Common Stock within 75 days after the applicable vesting date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of key personnel.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.
Key Dates
| Date | Description |
|---|---|
| 2023-02-14 | Date of Power of Attorney execution. |
| 2025-02-18 | Restricted Stock Units vested and converted into common stock. |
| 2025-02-19 | Shares disposed of to cover tax obligations. |
| 2025-02-20 | Date of signature for the Form 4 filing. |
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