Form 4: Vulcan Materials Executive Randy L. Pigg Reports Acquisition of Performance Share Units and Restricted Stock Units

Vulcan Materials' Vice President and Controller, Randy L. Pigg, reports the acquisition of performance share units and restricted stock units.

Summary

• Randy L. Pigg, Vice President and Controller of Vulcan Materials Co., filed a Form 4 on February 24, 2025, reporting transactions made on February 20, 2025.
• The transactions involve the acquisition of 380 Performance Share Units and 380 Restricted Stock Units.
• The Performance Share Units vest on December 31, 2027, and the payment amount is determined by company performance relative to the S&P 500 Index and the company's annual average growth rate of Cash Gross Profit per ton.
• The Restricted Stock Units cliff vest on February 20, 2028, and are settled in shares of Vulcan Common Stock within 75 days after the vesting date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices that align management with shareholder interests. The vesting conditions tied to performance suggest a focus on future growth.

Positives

• The acquisition of Performance Share Units and Restricted Stock Units aligns executive compensation with company performance and shareholder value.

Future Outlook

The Performance Share Units vest based on company performance relative to the S&P 500 Index and the company's annual average growth rate of Cash Gross Profit per ton, indicating a focus on future growth and profitability.

Industry Context

Executive compensation in the materials industry often includes stock-based awards to align management interests with shareholder value and long-term company performance.

Comparison to Industry Standards

• Companies like Martin Marietta Materials and Cemex also utilize performance-based equity compensation to incentivize executives.
• The vesting schedules and performance metrics used by Vulcan Materials are typical for the industry, focusing on metrics like relative stock performance and profitability.

Stakeholder Impact

• The acquisition of performance-based equity by executives can positively impact shareholders by aligning management's interests with long-term company performance.
• Employees may be motivated by the company's focus on growth and profitability, as reflected in the performance metrics for the share units.

Key Dates