Form 4: Vulcan Materials Director Lee J. Styslinger III Acquires Phantom Stock Units Through Deferred Compensation Plan

Director Lee J. Styslinger III acquired phantom stock units in Vulcan Materials Co. through the company's Directors' Deferred Compensation Plan.

Summary

• On December 18, 2024, Lee J. Styslinger III, a director of Vulcan Materials Co., acquired 212.104 units of phantom stock.
• These units were credited to his account under the Vulcan Materials Company Directors' Deferred Compensation Plan.
• The price per unit is $282.88.
• These units are convertible on a 1-for-1 basis into Vulcan Materials Company common stock upon the reporting person's retirement.
• Following the transaction, Styslinger directly owns 11,892.643 shares of Vulcan Materials Co. common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally. The director's continued investment in the company is a positive sign.

Positives

• The acquisition of phantom stock units reflects continued participation in the company's deferred compensation plan.
• The director's continued stock ownership aligns his interests with those of the shareholders.

Future Outlook

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

Industry Context

Directors often receive stock-based compensation to align their interests with shareholders. Deferred compensation plans are a common way to provide long-term incentives.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across the S&P 500.
• Companies like Martin Marietta Materials (MLM) and Summit Materials (SUM) also utilize stock options and restricted stock units as part of their director compensation packages.
• The specific terms of deferred compensation plans vary, but the general structure of accruing units that convert to stock upon retirement is typical.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates