VMC.NYSEVulcan Materials CO

Form 4: Vulcan Materials CEO J. Thomas Hill Settles Performance Share Units, Sells Shares for Tax Withholding

Sentiment:

SEC Form 4

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Vulcan Materials CEO J. Thomas Hill settled performance share units and sold shares to cover tax obligations on February 14, 2025.

Summary

  • On February 14, 2025, J. Thomas Hill, Chairman & CEO of Vulcan Materials Co., settled 22,000 Performance Share Units (PSUs), receiving 39,622 shares of common stock.
  • These PSUs vested following a three-year performance period ending December 31, 2024, with the payout determined by the Compensation & Human Capital Committee based on pre-established performance criteria.
  • Hill also disposed of 17,586 shares of common stock at a price of $269.33 to cover tax withholding obligations.
  • Following these transactions, Hill directly owns 38,928.665 shares of common stock and indirectly owns 26,430.657 shares through a 401k.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and stock transactions, indicating a neutral to slightly positive sentiment as it confirms the vesting of performance-based equity.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the increase in outstanding shares from the PSU settlement and the subsequent sale of shares on the open market.

Key Dates

DateDescription
February 14, 2023Date of Power of Attorney execution.
December 31, 2024End of the three-year performance period for the Performance Share Units.
February 14, 2025Date of PSU settlement and stock disposal for tax withholding.
February 19, 2025Date of signature for the Form 4 filing.

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