Form 4: Vulcan Materials Director Reports Acquisition of Phantom Stock as Deferred Compensation

Lee J. Styslinger III, a Director at Vulcan Materials Company, reported the acquisition of 233.556 units of phantom stock as part of his deferred compensation plan.

Summary

• Lee J. Styslinger III, a Director of Vulcan Materials Company (VMC), acquired 233.556 units of phantom stock on June 13, 2025.
• This acquisition was made pursuant to the Vulcan Materials Company Directors' Deferred Compensation Plan, where director's fees are credited to the reporting person's account.
• Each phantom stock unit is convertible on a 1-for-1 basis into Vulcan Materials Company common stock.
• The units are scheduled to be settled in common stock upon the reporting person's retirement.
• Following this transaction, Mr. Styslinger beneficially owns 12,126.199 phantom stock units.
• The phantom stock was valued at $267.6 per unit at the time of the transaction.

Sentiment

Score: 5

Explanation: Neutral. This is a routine, mandatory disclosure of director compensation, which does not inherently indicate positive or negative company performance or outlook.

Positives

• The acquisition of phantom stock indicates ongoing compensation for a director, aligning their interests with long-term shareholder value through equity-based awards.
• The deferred compensation plan allows directors to defer income, which can be a tax-efficient benefit.

Future Outlook

The phantom stock units are designed to be settled in Vulcan Materials Company common stock upon the reporting person's retirement, indicating a long-term incentive structure for the director.

Industry Context

This filing is a routine insider transaction report for director compensation and does not provide specific insights into broader industry trends for the construction materials sector. Such compensation plans are common across various industries to align director interests with company performance.

Comparison to Industry Standards

• The use of phantom stock as a component of director compensation is a common practice among publicly traded companies, including those in the materials and construction sectors.
• This type of equity-based compensation aligns director incentives with long-term shareholder value, which is a standard corporate governance practice.
• Specific comparable companies or projects are not detailed in this filing, as it focuses solely on an individual's compensation transaction.

Corporate Governance

Stakeholder Impact

• Shareholders: The acquisition of phantom stock by a director aligns their interests with long-term shareholder value, as the units convert to common stock upon retirement.

Next Steps

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

Key Dates

Keywords

Vulcan Materials Company, VMC, SEC Form 4, Director Compensation, Phantom Stock, Deferred Compensation, Insider Transaction, Equity Compensation