Form 4: Vulcan Materials Director Acquires Deferred Stock Units
Statement of Changes in Beneficial Ownership
Director David P. Steiner acquired 301.428 phantom stock units as part of the Vulcan Materials Company Directors' Deferred Compensation Plan.
Summary
- Director David P. Steiner was credited with 301.428 phantom stock units on June 12, 2026.
- The units were acquired at a price of $273.697 per unit.
- These units represent deferred compensation for director fees.
- The total beneficial ownership following this transaction is 7,490.403 units.
- The units are convertible on a 1-for-1 basis into common stock upon the director's retirement.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that carries no material impact on the company's financial position.
Positives
- Demonstrates continued alignment of director interests with shareholders through deferred compensation participation.
Negatives
- None identified; this is a routine administrative transaction related to director compensation.
Risks
- Value of deferred compensation units is subject to the future market performance of Vulcan Materials common stock.
Future Outlook
The units will be settled in Vulcan Materials Company common stock upon the retirement of the reporting person.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory disclosure for corporate governance and does not reflect a change in the company's operational strategy or market outlook.
Comparison to Industry Standards
- The use of deferred compensation plans for directors is a standard practice among S&P 500 companies to ensure long-term alignment with shareholder interests.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation Plan Participation | Director participation in the Vulcan Materials Company Directors' Deferred Compensation Plan. | 2026-06-12 | Standard alignment of director compensation with long-term equity performance. |
Stakeholder Impact
- Minimal impact on shareholders as this represents standard director compensation rather than an open-market purchase or sale.
Next Steps
- Settlement of phantom stock units into common stock upon the director's retirement.
Key Dates
| Date | Description |
|---|---|
| 2023-02-10 | Date of Power of Attorney execution for filing SEC reports. |
| 2026-06-12 | Date of the reported transaction involving phantom stock units. |
| 2026-06-15 | Date of filing the Form 4 with the SEC. |
Keywords
Vulcan Materials, VMC, Director Compensation, Form 4, Insider Trading, Deferred Compensation
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