Form 4: Vulcan Materials Executive Sells Shares and Reports Phantom Stock Activity

David P. Clement, Senior Vice President of Vulcan Materials Co., reports the sale of 1,000 shares of common stock and transactions involving phantom stock.

Summary

• On May 30, 2024, David P. Clement, a Senior Vice President at Vulcan Materials Co., sold 1,000 shares of common stock at a price of $254.50 per share.
• Following this transaction, Clement directly owns 2,660 shares of common stock.
• Clement also has indirect ownership of 547.494 shares of common stock through a 401(k).
• The report also details transactions related to phantom stock (deferred compensation), with 1,455.593 shares.
• Each share of phantom stock is equivalent to one share of VMC common stock and is payable in cash upon termination of employment.
• A power of attorney is on file, authorizing Denson N. Franklin III, Jennifer L. Commander, and C. Samuel Todd to prepare and sign SEC filings on Clement's behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider trading activity, which is neutral in sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.

Stakeholder Impact

• The stock sale by a senior executive could be perceived negatively by some shareholders, although it is a relatively small transaction.

Key Dates