Form 4: Vulcan Materials Senior Vice President David P. Clement Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President David P. Clement of Vulcan Materials Co. reports the settlement of performance share units and related stock transactions.
Summary
- David P. Clement, a Senior Vice President at Vulcan Materials Co., reported transactions involving common stock on February 14, 2025.
- These transactions included the settlement of 2,900 Performance Share Units (PSUs) which vested on December 31, 2024, and were settled 100% in Vulcan common stock.
- Mr. Clement acquired 5,223 shares of common stock through the PSU settlement.
- He also disposed of 5,677 shares, and 1,975 shares were sold by the company for tax withholding at a price of $269.33.
- Following these transactions, Mr. Clement directly owns 3,702 shares of common stock and indirectly owns 640.256 shares through a 401k.
- The reporting was filed on February 19, 2025, by Jennifer L. Commander, Attorney-In-Fact, based on a power of attorney executed on February 14, 2023.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving equity-based compensation. It provides transparency to investors regarding management's stock ownership.
Comparison to Industry Standards
- Form 4 filings are standard practice for corporate insiders and are required by the SEC.
- The transactions reported are typical for executives receiving and settling performance-based equity awards.
- Similar filings are made by executives at comparable companies like Martin Marietta Materials and Eagle Materials.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly increasing the number of outstanding shares.
- The tax withholding sales could exert minor downward pressure on the share price.
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 stock transactions (PSU settlement and tax withholding sales). |
| 2025/02/19 | Date of Form 4 filing. |
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