Form 4: Vulcan Materials SVP Reports Stock Transactions
Insider Transaction Report
Vulcan Materials SVP Denson N. Franklin III reported exercising stock appreciation rights and subsequent sales of common stock totaling 3,200 shares.
Summary
- Denson N. Franklin III, SVP, General Counsel & Secretary of Vulcan Materials CO (VMC), reported transactions involving the company's common stock.
- On December 9, 2025, Franklin acquired 3,200 shares of common stock by exercising Stock Appreciation Rights (SARs) at an exercise price of $185.31 per share.
- Following the exercise, 2,535 shares were disposed of on December 9, 2025, at a price of $295.78 per share, to cover tax liabilities related to the SAR exercise.
- An additional 665 shares of common stock were sold on December 10, 2025, at a price of $295.00 per share.
- The transactions were made pursuant to a Rule 10b5-1(c) pre-arranged trading plan.
- After these transactions, Franklin beneficially owns 8,284 shares of common stock directly.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions, including the exercise of stock appreciation rights and subsequent sales, which were pre-planned under a 10b5-1 plan. This is a neutral event for the company's operational or financial outlook.
Positives
- The exercise of Stock Appreciation Rights indicates the realization of value by a senior executive, reflecting the stock's appreciation above the exercise price of $185.31.
Negatives
- The sale of 3,200 shares of common stock by a senior executive reduces their direct ownership in the company.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The transactions represent a routine insider filing and are unlikely to have a significant direct impact on the company's share price or long-term value. The reduction in direct ownership by a key executive is minor in the context of the company's overall outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/14/2023 | Date Power of Attorney was executed by Denson N. Franklin III, authorizing Jennifer L. Commander and C. Samuel Todd to prepare and sign SEC Forms 3, 4, and 5. |
| 02/18/2023 | Date when Stock-Only Stock Appreciation Rights began vesting in equal annual installments. |
| 12/09/2025 | Date of acquisition of 3,200 common shares via SAR exercise and disposition of 2,535 common shares for tax withholding. |
| 12/10/2025 | Date of disposition of 665 common shares via sale. |
| 02/18/2032 | Expiration date of the Stock Appreciation Rights. |
Keywords
Vulcan Materials, VMC, Insider Trading, Form 4, Stock Transactions, Denson Franklin, Stock Appreciation Rights, 10b5-1 Plan
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