Form 4: Vulcan Materials Officer Thompson S. Baker II Reports Acquisition of Performance Share Units, Restricted Stock Units, and Stock Appreciation Rights

Thompson S. Baker II, President of Vulcan Materials Co, reports the acquisition of performance share units, restricted stock units, and stock appreciation rights on February 20, 2025.

Summary

• On February 20, 2025, Thompson S. Baker II, President of Vulcan Materials Co, reported the acquisition of several derivative securities.
• These include 7,430 Performance Share Units, 2,480 Restricted Stock Units, and 5,940 Stock Appreciation Rights.
• The Performance Share Units vest on December 31 at the end of the performance period from January 1, 2025 to December 31, 2027, with payment based on company performance relative to the S&P 500 and cash gross profit per ton growth.
• The Restricted Stock Units cliff vest on February 20, 2028, and are settled in shares of Vulcan Common Stock within 75 days after vesting.
• The Stock Appreciation Rights vest in three equal annual installments beginning on February 20, 2025, and expire on February 20, 2035.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard executive compensation practices and aligns management interests with company performance.

Positives

• The acquisition of these units aligns the executive's interests with the long-term performance of the company.
• The vesting criteria for the Performance Share Units incentivize both relative market performance and internal efficiency improvements.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedules of the acquired securities.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Vulcan Materials in the materials sector.

Comparison to Industry Standards

• Executive compensation packages including performance share units, restricted stock units, and stock appreciation rights are common among S&P 500 companies.
• The specific vesting criteria tied to S&P 500 performance and cash gross profit growth are designed to align executive incentives with shareholder value, similar to practices at companies like Martin Marietta Materials and Cemex.

Stakeholder Impact

• The acquisition of these securities by a key executive signals confidence in the company's future performance, which can positively influence shareholder sentiment.
• The performance-based vesting criteria can motivate management to improve operational efficiency and market competitiveness, benefiting employees and customers.

Key Dates