Form 4: Vulcan Materials Executive Exercises Stock Appreciation Rights and Sells Shares

Senior Vice President of Vulcan Materials, Jerry F. Perkins Jr., exercised stock appreciation rights and sold shares to cover costs and taxes.

Summary

• Jerry F. Perkins Jr., a Senior Vice President at Vulcan Materials, exercised stock appreciation rights on November 7, 2024.
• These exercises resulted in the acquisition of 2,500 shares at $92.02 and 2,200 shares at $122.60.
• To cover the cost of the options and tax obligations, Mr. Perkins sold 1,550 shares at $290.45 and 1,493 shares at $290.45 on the same day.
• Additionally, Mr. Perkins sold 1,657 shares on November 8, 2024, at $290.58.
• After these transactions, Mr. Perkins directly owns 8,883 shares of common stock and indirectly owns 5,029.118 shares through a 401(k).
• The stock appreciation rights were granted in 2017 and 2018 and vested in four equal annual installments.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock transactions by an executive, with no indication of positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and stock transactions, common in publicly traded companies.

Comparison to Industry Standards

• Stock appreciation rights are a common form of executive compensation in publicly traded companies, including those in the materials sector like Vulcan Materials.
• The vesting schedule of four equal annual installments is also a typical practice.
• The sale of shares to cover taxes and option costs is a standard procedure for executives exercising stock options or similar instruments.
• Companies like Martin Marietta Materials (MLM) and CRH plc also use similar compensation methods for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
• The sale of shares by an executive could be perceived as a slight negative signal, but it is a common practice for executives to manage their personal finances.

Key Dates

Keywords

stock appreciation rights, insider trading, executive compensation, share sales, Form 4, Vulcan Materials, VMC