Form 4: Vulcan Materials Executive Settles Performance Share Units and Sells Shares for Tax Withholding

Jerry F. Perkins Jr., a Senior Vice President at Vulcan Materials Co, settled performance share units and sold shares to cover tax obligations on February 14, 2025.

Summary

• On February 14, 2025, Jerry F. Perkins Jr., a Senior Vice President of Vulcan Materials Co, engaged in transactions involving the company's common stock.
• Perkins settled 4,863 Performance Share Units (PSUs), receiving common stock in return.
• Following the settlement, Perkins sold 2,181 shares of common stock at a price of $269.33 per share to cover tax withholding obligations.
• After these transactions, Perkins directly owns 11,565 shares of Vulcan Materials Co common stock.
• Perkins also has 1,192.186 shares held in a 401k.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure. The settlement of PSUs and subsequent sale for tax purposes is a neutral event and doesn't necessarily indicate a positive or negative outlook.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Vulcan Materials. These filings are monitored by investors for insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for executives at publicly traded companies, such as Martin Marietta Materials (MLM) and Cemex (CXM), when they engage in transactions involving their company's stock.
• The sale of shares to cover tax obligations after vesting of equity awards is a common occurrence across the industry.
• The specifics of performance-based equity awards vary from company to company, but the general structure of vesting over a performance period is a standard practice.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and do not represent a significant change in ownership.

Key Dates