Form 4: Vulcan Materials Director Lee J. Styslinger III Awarded Restricted Stock Units

Director Lee J. Styslinger III received 625 restricted stock units (RSUs) of Vulcan Materials Company on May 10, 2024, which will vest on May 10, 2025.

Summary

• On May 10, 2024, Lee J. Styslinger III, 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 will cliff vest on May 10, 2025.
• Vested RSUs will be delivered to the reporting person when the reporting person ceases to hold office as a member of the Board of Directors of Vulcan Materials Company.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally to positively as it aligns director and shareholder interests.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Future Outlook

The director will receive shares of Vulcan Common Stock upon vesting of the RSUs and departure from the board.

Industry Context

This is a standard practice for compensating directors of publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Equity compensation for board members is a common practice among publicly traded companies, including competitors like Martin Marietta Materials and Eagle Materials.
• The amount of RSUs granted is likely determined by factors such as company performance, board tenure, and industry benchmarks for director compensation.

Stakeholder Impact

• Shareholders may view this as a positive as it aligns the director's interests with the company's long-term success.
• The director benefits from the potential appreciation of the stock price.

Next Steps

• The director will hold the RSUs until the vesting date.
• Upon vesting and departure from the board, the director will receive shares of Vulcan Common Stock.

Key Dates