Form 4: Vulcan Materials Director James T. Prokopanko Receives Annual Stock Grant

Director James T. Prokopanko received 625 restricted stock units (RSUs) of Vulcan Materials Company on May 10, 2024, under the company's 2016 Omnibus Long-Term Incentive Plan.

Summary

• On May 10, 2024, James T. Prokopanko, a director of Vulcan Materials Company, was granted 625 Restricted Stock Units (RSUs).
• These RSUs were awarded under 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.
• Vested RSUs will be delivered to Prokopanko when he ceases to be a member of the Board of Directors, according to the plan's terms and his prior instructions.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. It reflects a standard executive compensation practice, indicating confidence in the director's continued service and contribution to the company's success.

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

The document does not contain specific forward-looking statements regarding the company's future performance, but the RSU grant suggests an expectation of continued contributions from the director.

Industry Context

Stock grants are a common form of executive compensation in the materials industry, aligning management's interests with shareholder value.

Comparison to Industry Standards

• RSU grants are a typical component of executive compensation packages in publicly traded companies, including those in the materials sector.
• Companies like Martin Marietta Materials and Cemex also utilize stock-based compensation to incentivize their executives.
• The size of the grant is likely determined by factors such as company performance, individual contribution, and industry benchmarks for director compensation.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term performance.
• The director is incentivized to contribute to the company's success to maximize the value of the RSUs.

Next Steps

• The director will hold the RSUs until the vesting date.
• Upon vesting, the director will receive shares of Vulcan Materials Company common stock, contingent on continued service on the board.
• The director will receive the shares when he ceases to hold office as a member of the Board of Directors of Vulcan Materials Company.

Key Dates