Form 4: Vulcan Materials Officer Exercises Stock Appreciation Rights
SEC Form 4 Filing
Darren L. Hicks, Chief Human Resources Officer of Vulcan Materials Co, exercised stock appreciation rights and sold shares to cover costs and taxes on February 28, 2024.
Summary
- On February 28, 2024, Darren L. Hicks, Chief Human Resources Officer of Vulcan Materials Co, exercised stock appreciation rights.
- This involved the acquisition of 690 shares of common stock at a price of $79.41.
- Simultaneously, 422 shares were disposed of at $263.56 to cover tax-withholding and option costs.
- Following these transactions, Hicks directly owns 6,038 shares of common stock and indirectly owns 4,083.472 shares through a 401(k) plan.
- The exercised stock appreciation rights were granted on February 12, 2016, and vested in three equal annual installments.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction related to executive compensation.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares relative to the company's total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/12/2016 | Date when the Stock Appreciation Right vests in three equal annual installments beginning on this date |
| 03/01/2022 | Date of Power of Attorney execution |
| 02/28/2024 | Date of transaction: exercise of stock appreciation rights and sale of shares |
| 02/29/2024 | Date of Form 4 signature |
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