Form 4: Vulcan Materials Co. Executive Randy L. Pigg Reports Stock Transactions
SEC Form 4
Vulcan Materials Co.'s Vice President and Controller, Randy L. Pigg, reports the acquisition and disposal of common stock and the vesting of restricted stock units.
Summary
- On February 18, 2025, Randy L. Pigg, Vice President and Controller of Vulcan Materials Co., executed transactions involving the company's common stock.
- Pigg acquired 380 shares of common stock through the vesting of Restricted Stock Units (RSUs).
- Simultaneously, Pigg disposed of 1,935 shares.
- On February 19, 2025, Pigg disposed of 112 shares at a price of $272.76.
- Following these transactions, Pigg directly owns 1,823 shares of common stock.
- Pigg also has 1,534.533 shares in a 401(k) plan.
- The reported transactions also involve Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Vulcan Common Stock, which 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 sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine regulatory filing. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock. It allows investors to monitor insider sentiment and potential alignment with company performance.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
- The transactions reported are typical for executives who receive stock options or restricted stock units as part of their compensation packages.
- Similar filings can be observed for executives at comparable companies in the materials sector, such as Martin Marietta Materials (MLM) and Cemex (CXB).
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company insiders.
- The impact on employees, customers, suppliers, and creditors is likely minimal, as these are standard stock transactions by an executive.
Key Dates
| Date | Description |
|---|---|
| February 14, 2023 | Power of Attorney executed, granting authority to Denson N. Franklin III, Jennifer L. Commander, and C. Samuel Todd to prepare and sign SEC filings on behalf of Randy L. Pigg. |
| February 18, 2025 | Acquisition of 380 shares of common stock through vesting of Restricted Stock Units (RSUs) and disposal of 1,935 shares. |
| February 19, 2025 | Disposal of 112 shares of common stock at a price of $272.76. |
| February 20, 2025 | Date of signature by Attorney-In-Fact, Jennifer L. Commander, for the Form 4 filing. |
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