VMC.NYSEVulcan Materials CO

Form 4: Vulcan Materials CEO J. Thomas Hill Sells Shares Worth Millions

Sentiment:

SEC Form 4

📋All filings for Vulcan Materials CO
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Vulcan Materials CEO J. Thomas Hill sold a significant portion of his company shares on August 9, 2024, at weighted average prices ranging from $243.37 to $245.73.

Summary

  • On August 9, 2024, J. Thomas Hill, Chairman & CEO of Vulcan Materials Co., sold a total of 35,592 shares of common stock.
  • The sales were executed in multiple transactions at weighted average prices ranging from $243.37 to $245.73 per share.
  • Following these transactions, Hill directly owns 29,530.665 shares of common stock and indirectly owns 34,361.792 shares through a 401k.
  • The sales were reported on a Form 4 filing with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting the sale of shares by a company executive. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sale could vary.

Industry Context

Insider sales are common and can be for various reasons, including diversification or personal financial planning. However, significant insider selling can sometimes be interpreted negatively by the market if it suggests a lack of confidence in the company's future prospects.

Stakeholder Impact

  • Shareholders may react to the news of the CEO's share sale, potentially impacting the stock price.
  • The sale itself has no direct impact on employees, customers, suppliers, or creditors.

Key Dates

DateDescription
February 14, 2023Date of Power of Attorney execution, authorizing attorneys to prepare and sign SEC filings on behalf of J. Thomas Hill.
August 9, 2024Date of the reported transactions: sale of Vulcan Materials common stock.
August 13, 2024Date of signature for the Form 4 filing.

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