Eagle Materials grants 2026 equity awards to executives
Eagle Materials Inc. approved new long-term equity awards for key officers under its 2023 Equity Incentive Plan, effective May 21, 2026.
Rhea-AI Filing Summary
Eagle Materials Inc. approved new long-term equity awards for key officers under its 2023 Equity Incentive Plan, effective May 21, 2026. The package combines performance-vesting restricted stock units (PSUs), performance-vesting stock options, time-vesting RSUs and time-vesting options.
Performance awards depend on the company’s average return on equity through fiscal 2029, adjusted for average absolute total stockholder return. Payouts can range from 50% to 200% of target. Earned PSUs are settled in common stock and related options become exercisable after performance is certified, while unearned awards are forfeited.
Time-based RSUs and options vest ratably on May 21, 2027, March 31, 2028 and March 31, 2029, subject to continued service. The stock option exercise price is set at the May 21, 2026 closing share price of $199.13 and options have a 10-year term. CEO Michael R. Haack received equity awards with a target value of $6,000,000, with other named executives receiving proportionate grants.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CEO target equity value: $6,000,000
CFO target equity value: $1,400,000
General Counsel target equity value: $950,000
+5 more
8 metrics
CEO target equity value
$6,000,000
Target value of equity awards for Michael R. Haack
CFO target equity value
$1,400,000
Target value of equity awards for D. Craig Kesler
General Counsel target equity value
$950,000
Target value of equity awards for Matt Newby
President American Gypsum target value
$800,000
Target value of equity awards for Eric Cribbs
Senior VP Cement East target value
$500,000
Target value of equity awards for Tony Thompson
Option exercise price
$199.13 per share
Closing common stock price on May 21, 2026; option strike
Performance vesting range
50%–200% of target
PSU and performance option vesting based on performance
Option term
10 years
Term of both time-vesting and performance-vesting stock options
Key Terms
performance-vesting restricted stock units, return on equity, absolute total stockholder return, dividend-equivalent restricted stock units, +1 more
5 terms
performance-vesting restricted stock units financial
"The awards are comprised of performance-vesting restricted stock units (“PSUs”), performance-vesting stock options..."
Performance-vesting restricted stock units are a form of employee pay where future company shares are granted only if the business meets specific targets, such as revenue, profit, or stock-price goals. Think of them as a bonus you earn only when certain milestones are hit; for investors they matter because they can increase the number of shares outstanding if goals are met and they reveal how management is being motivated to hit particular financial or operational objectives.
return on equity financial
"performance vesting criteria based on the Company’s average return on equity measured at the end fiscal 2029..."
Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.
absolute total stockholder return financial
"as modified based on the Company’s average absolute total stockholder return during the performance period."
dividend-equivalent restricted stock units financial
"the PSUs will accrue dividend-equivalent restricted stock units, which will be paid in shares of Common Stock..."
exercise price financial
"the exercise price of the stock options ... is the closing price of the Company’s Common Stock..."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What executive equity awards did Eagle Materials (EXP) approve in May 2026?
Eagle Materials approved long-term equity awards combining PSUs, performance stock options, RSUs and time-vesting options for key officers. These awards are granted under the 2023 Equity Incentive Plan, with CEO Michael R. Haack receiving a target value of $6,000,000 in equity.
How are Eagle Materials’ new performance-based PSUs and options structured?
The PSUs and performance-vesting options vest based on average return on equity through fiscal 2029, modified by average absolute total stockholder return. Vesting can range from 50% of target at threshold performance to 200% at maximum, with unearned awards forfeited after the performance period.
What is the vesting schedule for Eagle Materials’ 2026 time-vesting RSUs and options?
Time-vesting RSUs and stock options for officers vest in three equal installments on May 21, 2027, March 31, 2028 and March 31, 2029. Vesting requires continued service, and vested RSUs and options are settled or become exercisable in Eagle Materials common stock.
What exercise price and term apply to Eagle Materials’ 2026 stock options?
All 2026 stock options, both performance-vesting and time-vesting, have an exercise price equal to the May 21, 2026 closing stock price of $199.13. The options have a 10-year term from the grant date, consistent with the terms of the 2023 Equity Incentive Plan.
Which Eagle Materials executives received the largest equity awards in 2026?
CEO Michael R. Haack received the largest 2026 equity grant, with a target value of $6,000,000. Other named executive officers, including D. Craig Kesler, Matt Newby, Eric Cribbs and Tony Thompson, received proportionate mixes of PSUs, RSUs and stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
