Form 4: Vulcan Materials Director Lydia H. Kennard Receives Annual Stock Grant
SEC Form 4
Director Lydia H. Kennard received an annual stock grant of 650 restricted stock units (RSUs) from Vulcan Materials Company on May 9, 2025, under the company's 2025 Omnibus Long-Term Incentive Plan.
Summary
- On May 9, 2025, Lydia H. Kennard, a director of Vulcan Materials Company, was granted 650 restricted stock units (RSUs).
- The grant was made under the Vulcan Materials Company 2025 Omnibus Long-Term Incentive Plan.
- Each RSU represents a contingent right to receive one share of Vulcan Common Stock.
- The RSUs cliff vest on May 9, 2026, and will be settled in shares of Vulcan Common Stock within 75 days after the vesting date.
- The reporting person has a power of attorney nominating Denson N. Franklin III, C. Samuel Todd, and Jennifer L. Commander to prepare and sign SEC filings on their behalf.
Sentiment
Score: 7
Explanation: The document reflects a routine stock grant, which is generally viewed positively as it aligns director interests with shareholders. There are no indications of negative sentiment.
Positives
- The grant of restricted stock units aligns the director's interests with those of the shareholders.
- The vesting period encourages long-term commitment to the company's success.
Future Outlook
The director will receive shares of Vulcan Common Stock after the restricted stock units vest on May 9, 2026.
Industry Context
Stock grants are a common form of executive compensation in the materials industry, aligning management's interests with shareholder value.
Stakeholder Impact
- The stock grant aligns the director's interests with those of the shareholders, potentially leading to decisions that benefit the company's long-term performance.
- The grant does not have a direct impact on employees, customers, suppliers, or creditors.
Next Steps
- The restricted stock units will vest on May 9, 2026.
- Shares of Vulcan Common Stock will be issued within 75 days after the vesting date.
Key Dates
| Date | Description |
|---|---|
| July 8, 2022 | Date of Power of Attorney execution. |
| May 9, 2025 | Transaction date of the stock grant. |
| May 9, 2026 | Vesting date of the restricted stock units. |
| May 13, 2025 | Date of Form 4 signature. |
Keywords
Restricted Stock Units, Director, Form 4, Vulcan Materials, Stock Grant, RSU, VMC
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