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

Director Kathleen L. Quirk acquired 334.64 units of phantom stock through director's fees credited to her account under the Vulcan Materials Company Directors' Deferred Compensation Plan.

Summary

• On June 17, 2024, Kathleen L. Quirk, a director of Vulcan Materials Co., acquired 334.64 units of phantom stock.
• The acquisition was a result of director's fees credited to her account under the Vulcan Materials Company Directors' Deferred Compensation Plan.
• These units are convertible on a 1-for-1 basis into Vulcan Materials Company common stock and will be settled upon the reporting person's retirement.
• Following the transaction, Quirk directly owns 6,035.225 shares of Vulcan Materials Co. common stock.
• The price of the acquisition was $254.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns 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 allows for tax-efficient accumulation of wealth for the director.

Future Outlook

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

Industry Context

Director compensation through deferred stock plans is a common practice in publicly traded companies to align management's interests with shareholder value.

Comparison to Industry Standards

• Many companies in the materials sector, such as Martin Marietta Materials and Cemex, utilize similar deferred compensation plans for their executives and directors.
• These plans often involve granting stock options or restricted stock units that vest over time, aligning executive compensation with long-term company performance.
• The specific terms of these plans, such as vesting schedules and performance metrics, can vary significantly between companies.

Stakeholder Impact

• The acquisition of phantom stock units by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.
• Employees may see this as a standard part of executive compensation.

Key Dates