Eagle Materials (EXP) Form 4: 2,000-share sale reported by SVP Devlin
Rhea-AI Filing Summary
William R. Devlin, identified on the form as SVP, Controller, reported an open-market sale of 2,000 shares of Eagle Materials Inc. (ticker EXP) on 08/19/2025 at a weighted average price of $232.759 per share, with transaction prices ranging from $232.75 to $232.83. After the sale, the filing shows 17,151 shares beneficially owned directly and an additional 1,936 shares indirectly through a 401(k) plan. The Form 4 was signed via attorney-in-fact and dated 08/21/2025. The filer notes the weighted-average price reflects multiple transactions and offers to provide detailed per-transaction prices upon SEC request.
Positive
- Timely reporting: Form 4 filed two days after the transaction (sale on 08/19/2025, form dated 08/21/2025)
- Clear ownership disclosure: Filing specifies 17,151 shares directly owned and 1,936 held indirectly via a 401(k) plan
Negative
- Insider sale: Reporting person disposed of 2,000 shares, which reduces direct ownership
- Aggregated pricing: Weighted-average price reported ($232.759) with per-trade prices not listed on the face of the form (range disclosed)
Insights
TL;DR: Officer sold a modest block of shares; remaining direct holding is 17,151 shares, with a small indirect 401(k) position.
The reported sale of 2,000 shares at an average of $232.759 represents a limited reduction in the reporting person’s direct stake relative to the remaining 17,151 shares. The filing discloses the transaction price range ($232.75–$232.83) and offers to provide per-trade detail to the SEC. This is a routine insider disclosure; absent other concurrent material events, the transaction appears administratively standard rather than a company-altering development. Timing shows the Form 4 was filed within two days of the transaction, consistent with Section 16 reporting expectations.
TL;DR: Insider sale was reported promptly and documented with a weighted-average price; signature executed by attorney-in-fact.
The form identifies the reporting person’s corporate role and properly indicates direct and indirect ownership via a 401(k). The explanatory note clarifies aggregated pricing for multiple trades, and the signature block shows the use of an attorney-in-fact to execute the filing. From a compliance perspective, the disclosure meets the basic transparency requirements of Section 16 filings. There is no indication in this filing of any change in role, 10% ownership status, or other governance actions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $232.759 | $466K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- F1. This price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions reported on this line range from $232.75 to $232.83. Upon request by the SEC staff, the issuer or a security holder of the issuer, the reporting person will undertake to provide full information regarding the number of shares and prices at which transactions were effected.
FAQ
What did William R. Devlin report on Form 4 for EXP?
When was the Form 4 filed with the SEC?
Was the Form 4 signed by the reporting person directly?
AI-generated analysis. How Rhea-AI works. Not financial advice.
