Form 4: Vulcan Materials Officer Thompson S. Baker II Reports Stock Transactions
SEC Form 4 Filing
Thompson S. Baker II, a President at Vulcan Materials Co, reports the vesting and settlement of performance share units and subsequent tax withholding sales.
Summary
- On February 14, 2025, Thompson S. Baker II, President of Vulcan Materials Co, reported transactions involving common stock and performance share units.
- Baker settled 6,500 performance share units (PSUs) which vested on December 31, 2024, and were settled 100% in Vulcan common stock.
- 11,707 shares were acquired upon settlement of the PSUs.
- 4,071 shares were sold by the company for tax withholding purposes at a price of $269.33 per share.
- Following these transactions, Baker directly owns 40,099 shares of common stock.
- Baker also indirectly owns shares through various trusts and accounts, including the Martha F. Baker Revocable Living Trust (1,208 shares), the Thompson S. Baker II Revocable Trust (7,135 shares), shares held for the benefit of children (1,900 shares), and a 401k account (4,909.939 shares).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activities of executives and directors.
Comparison to Industry Standards
- Tracking insider transactions is a common practice in financial analysis.
- Comparable companies in the materials sector also have officers regularly filing Form 4s to report stock transactions.
- The vesting of performance share units is a typical form of executive compensation in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 2023/02/14 | Date of Power of Attorney execution. |
| 2024/12/31 | Vesting date of Performance Share Units. |
| 2025/02/14 | Date of reported transactions (PSU settlement and tax withholding sales). |
| 2025/02/19 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Vulcan Materials, Stock Transactions, Performance Share Units, Beneficial Ownership, Officer, Baker
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