Form 4: Vulcan Materials Executive Stanley G. Bass Reports Acquisition of Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights

Stanley G. Bass, Chief Strategy Officer of Vulcan Materials Co., reports the acquisition of derivative securities including Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights.

Summary

• Stanley G. Bass, Chief Strategy Officer of Vulcan Materials Co., filed a Form 4 with the SEC on February 24, 2025.
• The report details the acquisition of derivative securities on February 20, 2025, including 5,080 Performance Share Units, 1,690 Restricted Stock Units, and 4,060 Stock Appreciation Rights.
• The Performance Share Units vest on December 31, 2027, with the payment amount 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.
• The Stock Appreciation Right vests in three equal annual installments beginning on February 20, 2025, and expires on February 20, 2035.

Sentiment

Score: 6

Explanation: The document is a neutral report of stock transactions. It doesn't contain overtly positive or negative information, but reflects standard executive compensation practices.

Positives

• The acquisition of Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights aligns Mr. Bass's interests with the long-term performance of Vulcan Materials Co.

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 over a three-year performance period.

Industry Context

This filing is a routine disclosure of executive compensation in the form of equity-based awards, common in publicly traded companies to align management interests with shareholder value.

Comparison to Industry Standards

• Equity compensation is a standard practice among S&P 500 companies like Vulcan Materials.
• Companies such as Martin Marietta Materials and Cemex also utilize similar equity-based compensation plans for their executives.
• The vesting schedules and performance metrics used by Vulcan Materials are generally in line with industry norms for long-term incentive plans.

Stakeholder Impact

• The equity awards aim to align management's interests with those of shareholders, potentially driving long-term value creation.

Key Dates