Form 4: Vulcan Materials Director Cynthia Hostetler Receives Annual Stock Grant

Director Cynthia Hostetler received 625 restricted stock units (RSUs) of Vulcan Materials common stock as part of the company's 2016 Omnibus Long-Term Incentive Plan.

Summary

• On May 10, 2024, Cynthia Lynn Hostetler, a director of Vulcan Materials Co., was granted 625 Restricted Stock Units (RSUs) under the company's 2016 Omnibus Long-Term Incentive Plan.
• Each RSU represents a contingent right to receive one share of Vulcan Materials common stock.
• The RSUs cliff vest on May 10, 2025.
• Vested RSUs will be delivered in two equal annual installments upon Hostetler's departure from the Board of Directors, according to the plan's terms and her prior instructions.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock grant, which is neither particularly positive nor negative. It's a standard part of director compensation.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Future Outlook

Vested Restricted Stock Units will be delivered to the reporting person in two equal annual installments when the reporting person ceases to hold office as a member of the Board of Directors of Vulcan Materials Company.

Industry Context

Stock grants are a common form of executive compensation in publicly traded companies, aligning the interests of directors with those of shareholders.

Comparison to Industry Standards

• Stock grants are a typical component of director compensation packages in the materials industry.
• Companies like Martin Marietta Materials and Eagle Materials also utilize stock-based compensation to incentivize their directors.
• The size of the grant is likely determined by company performance, industry benchmarks, and individual contributions.

Key Dates