Form 4: Vulcan Materials Director Lee J. Styslinger III Acquires Additional Phantom Stock Units

Director Lee J. Styslinger III acquired additional phantom stock units in Vulcan Materials Company through director's fees credited to his deferred compensation plan.

Summary

• On June 17, 2024, Lee J. Styslinger III, a director of Vulcan Materials Co., acquired 236.22 units of phantom stock.
• These units were obtained as part of the Vulcan Materials Company Directors' Deferred Compensation Plan.
• The director's fees were credited to Styslinger's account.
• Each unit is convertible on a 1-for-1 basis into Vulcan Materials Company common stock.
• The units will be settled in common stock upon Styslinger's retirement.
• Following the transaction, Styslinger directly owns 11,599.628 shares of Vulcan Materials Company common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-managed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of phantom stock units reflects continued alignment of the director's interests with the long-term performance of Vulcan Materials 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. Deferred compensation plans are a common method for providing such incentives.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash and equity, with the equity component designed to align director interests with those of shareholders.
• Companies like Martin Marietta Materials and Cemex also utilize equity-based compensation for their directors.
• The specific mix and terms of these packages vary based on company size, performance, and industry practices.

Related Party Transactions

• The acquisition of phantom stock units through the Directors' Deferred Compensation Plan constitutes a related party transaction.

Stakeholder Impact

• The transaction aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates