Form 4: Vulcan Materials Director David P. Steiner Acquires Additional Phantom Stock Units

Director David P. Steiner acquired phantom stock units through director's fees credited to his account under the Vulcan Materials Company Directors' Deferred Compensation Plan.

Summary

• On December 18, 2024, David P. Steiner, a director at Vulcan Materials CO, acquired 212.104 units of phantom stock.
• These units were obtained as part of the Vulcan Materials Company Directors' Deferred Compensation Plan.
• The price per unit is $282.88.
• Following this transaction, Steiner directly owns 6,616.292 derivative securities.
• These units are convertible on a 1-for-1 basis into Vulcan Materials Company common stock upon the director's retirement.

Sentiment

Score: 7

Explanation: The document reflects a routine insider transaction related to director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan may incentivize continued service and commitment from the director.

Future Outlook

The phantom stock units will be settled in Vulcan Materials Company common stock upon the director's retirement.

Industry Context

Directors often receive stock-based compensation to align their interests with shareholders and incentivize long-term value creation. Deferred compensation plans are a common tool for this purpose.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across the industry.
• Companies like Martin Marietta Materials and Eagle Materials also utilize similar compensation structures for their board members.
• The specific amount and type of equity compensation can vary based on company size, performance, and industry norms.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning the director's interests with the company's long-term success.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates