Form 4: Vulcan Materials Director Kathleen L. Quirk Reports Acquisition of Phantom Stock Units

Director Kathleen L. Quirk acquired phantom stock units in Vulcan Materials Company through director's fees credited to her deferred compensation plan.

Summary

• On December 18, 2024, Kathleen L. Quirk, a director of Vulcan Materials Company, acquired 212.104 units of phantom stock.
• These units were obtained through director's fees credited to her account under the Vulcan Materials Company Directors' Deferred Compensation Plan.
• The price per unit was $282.88.
• Following the transaction, Quirk beneficially owns 6,288.681 units of phantom stock.
• These units are convertible on a 1-for-1 basis into Vulcan Materials Company common stock and will be settled upon her retirement.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices, aligning director interests with company performance.

Positives

• The acquisition of phantom stock aligns the director's interests with the long-term performance of the company.

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. Phantom stock is a common form of deferred compensation.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director compensation with company performance.

Key Dates