Form 4: Vulcan Materials SVP and CFO Settles Performance Share Units and Sells Shares for Tax Withholding
SEC Form 4
Mary Andrews Carlisle, SVP and CFO of Vulcan Materials, settled performance share units and sold shares to cover tax obligations on February 14, 2025.
Summary
- On February 14, 2025, Mary Andrews Carlisle, SVP and CFO of Vulcan Materials Co., engaged in transactions involving the company's common stock.
- Carlisle settled 3,600 Performance Share Units (PSUs), each convertible to one share of common stock, resulting in the acquisition of 6,484 shares.
- Following the vesting of these PSUs, which occurred after a three-year performance period ending December 31, 2024, the Compensation & Human Capital Committee approved the payout based on pre-established performance criteria.
- To cover tax withholding obligations, Carlisle sold 2,899 shares at a price of $269.33 per share.
- After these transactions, Carlisle directly owns 5,278 shares of Vulcan Materials Co. common stock, and indirectly owns 1,143.923 shares through a 401(k) plan.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| September 7, 2022 | Power of Attorney executed by Mary Andrews Carlisle. |
| December 31, 2024 | End of the three-year performance period for the Performance Share Units. |
| February 14, 2025 | Date of PSU settlement and stock sale transaction. |
| February 19, 2025 | Date of the Form 4 filing. |
Keywords
Form 4, Vulcan Materials, Mary Andrews Carlisle, Performance Share Units, Stock Sale, Beneficial Ownership, VMC, SVP, CFO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.