Form 4: Vulcan Materials Director Grayson Hall Acquires Restricted Stock Units

Director Grayson Hall received 625 restricted stock units of Vulcan Materials Company on May 10, 2024, under the company's long-term incentive plan.

Summary

• On May 10, 2024, Grayson Hall, a director of Vulcan Materials Company, acquired 625 restricted stock units (RSUs).
• The acquisition was part of the company's 2016 Omnibus Long-Term Incentive Plan.
• Each RSU represents a contingent right to receive one share of Vulcan Common Stock.
• The RSUs cliff vest on May 10, 2025, and will be settled in shares of Vulcan Common Stock within 75 days after the vesting date.
• The price of each derivative security is $0.00.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The document reports a standard director compensation practice, which is generally viewed favorably as it aligns director interests with shareholder value.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The restricted stock units will vest on May 10, 2025, and be settled in shares of Vulcan Common Stock within 75 days after the vesting date.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to align their interests with those of shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity.
• Equity grants, such as restricted stock units, are a standard component of compensation for directors at companies of similar size and industry to Vulcan Materials.
• The specific number of RSUs granted would be benchmarked against peer companies to ensure competitiveness and alignment with performance.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing long-term value creation, which benefits shareholders.
• The grant of restricted stock units has no immediate impact on employees, customers, suppliers, or creditors.

Next Steps

• The director will receive shares of Vulcan Common Stock after the restricted stock units vest on May 10, 2025.

Key Dates