Form 4: Vulcan Materials CO: Senior Vice President Jerry F. Perkins Jr. Reports Acquisition of Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights

Senior Vice President Jerry F. Perkins Jr. of Vulcan Materials CO reports the acquisition of derivative securities including Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights on February 20, 2025.

Summary

• On February 24, 2025, Jerry F. Perkins Jr., Senior Vice President of Vulcan Materials CO, filed a Form 4 with the SEC.
• The report details the acquisition of Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights on February 20, 2025.
• Perkins acquired 4,240 Performance Share Units, which vest on December 31, 2027, and are payable in stock based on company performance relative to the S&P 500 and cash gross profit per ton growth.
• He also acquired 1,410 Restricted Stock Units, which cliff vest on February 20, 2028, and are settled in shares of Vulcan Common Stock.
• Additionally, Perkins acquired 3,390 Stock Appreciation Rights, which vest in three equal annual installments beginning on February 20, 2026, and expire on February 20, 2035.
• The reported transactions did not involve any monetary exchange, with the price of each derivative security listed as $0.00.
• Following these transactions, Perkins directly owns 4,240 Performance Share Units, 1,410 Restricted Stock Units, and 3,390 Stock Appreciation Rights.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The sentiment is neutral, reflecting standard executive compensation practices.

Positives

• The acquisition of Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights by a senior executive signals confidence in the company's future performance.

Future Outlook

The vesting of Performance Share Units is contingent on company performance relative to the S&P 500 Index and the company's annual average growth rate of Cash Gross Profit per ton, indicating a focus on these metrics.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding insider transactions in publicly traded companies. This filing indicates compensation practices at Vulcan Materials CO.

Comparison to Industry Standards

• Stock options and restricted stock units are common forms of executive compensation in publicly traded companies, particularly in the materials and construction industries.
• Companies like Martin Marietta Materials and Cemex also utilize similar equity-based compensation plans to align executive incentives with shareholder value.
• The specific vesting schedules and performance metrics (e.g., S&P 500 performance, cash gross profit) are tailored to Vulcan Materials CO's strategic goals.

Stakeholder Impact

• The acquisition of equity-based compensation by a senior executive can align management's interests with those of shareholders, potentially driving long-term value creation.

Key Dates