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Eagle Materials (NYSE: EXP) SVP reports RSU vesting and tax-withheld shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Eagle Materials Senior Vice President Alex Haddock reported equity compensation activity involving restricted stock units and related tax withholding. On March 31, 2026, 317 restricted stock units converted into an equal number of common shares under a prior award.

To satisfy income tax withholding obligations tied to equity vesting, the issuer withheld a total of 295 shares of common stock at a reference price of $181.50 per share, including 164 shares related to a 400-share restricted stock award granted on May 23, 2023. After these transactions, Haddock directly holds 3,187 shares of Eagle Materials common stock. A separate grant of 945 restricted stock units made on May 24, 2024 vests in three installments on the first anniversary of the grant date, March 31, 2026, and March 31, 2027, with any related dividend-equivalent RSUs vesting at the same times.

Positive

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Negative

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Insights

Routine RSU vesting with tax withholding; modest net share impact.

Alex Haddock, a senior vice president at Eagle Materials, had 317 restricted stock units convert into common shares, reflecting scheduled vesting under prior equity awards. This is compensation-driven activity, not an open-market purchase or sale decision.

The company withheld 295 shares at $181.50 per share to cover income tax obligations, including 164 shares tied to a 400-share restricted stock award granted on May 23, 2023. After these entries, Haddock directly owns 3,187 common shares. From an investor perspective, this looks like a standard vesting and tax-settlement pattern with minimal signaling value about management’s outlook.

Insider Haddock Alex
Role Senior Vice President
Type Security Shares Price Value
Exercise Restricted Stock Units 317 $0.00 --
Tax Withholding Common Stock 164 $181.50 $30K
Exercise Common Stock 317 $181.50 $58K
Tax Withholding Common Stock 131 $181.50 $24K
Holdings After Transaction: Restricted Stock Units — 316.861 shares (Direct); Common Stock — 3,001 shares (Direct)
Footnotes (1)
  1. In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share of Common Stock on the previous trading day. 164 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on 400 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 3 filed 8/7/24). Because the reporting person's restricted holdings have been included in the direct ownership of Common Stock disclosed by the reporting person, the reporting person's direct ownership of Common Stock has been reduced by 164 shares to reflect this tax withholding. Each restricted stock unit represents a contingent right to receive one share of EXP common stock. On May 24, 2024, the reporting person was granted 945 restricted stock units, vesting ratably in three installments on the first anniverary of the date of award; on March 31, 2026; and on March 31, 2027. Upon vesting, any related dividend-equivalent RSUs are also vested at that time.
RSUs converted 317 restricted stock units Converted into common stock on March 31, 2026
Shares withheld for taxes 295 shares Withheld to satisfy income tax obligations at $181.50 per share
Tax reference price $181.50 per share Closing price per share of common stock on prior trading day
Post-transaction holdings 3,187 shares Direct ownership of Eagle Materials common stock after transactions
Prior restricted award tax withholding 164 shares Withheld for taxes on 400-share restricted stock award granted May 23, 2023
New RSU grant size 945 restricted stock units Granted May 24, 2024, vesting in three installments
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of EXP common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend-equivalent RSUs financial
"Upon vesting, any related dividend-equivalent RSUs are also vested at that time."
Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share of Common Stock"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
tax withholding financial
"164 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Haddock Alex
(Last)(First)(Middle)
5960 BERKSHIRE LN
SUITE 900
(Street)
DALLAS TEXAS 75220
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EAGLE MATERIALS INC [ EXP ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Senior Vice President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock03/31/2026F164D$181.5(1)3,001(2)D
Common Stock03/31/2026M317A$181.5(1)3,318D
Common Stock03/31/2026F131D$181.5(1)3,187D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(3)03/31/2026M317 (4) (4)Common Stock317$0316.8608D
Explanation of Responses:
1. In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share of Common Stock on the previous trading day.
2. 164 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on 400 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 3 filed 8/7/24). Because the reporting person's restricted holdings have been included in the direct ownership of Common Stock disclosed by the reporting person, the reporting person's direct ownership of Common Stock has been reduced by 164 shares to reflect this tax withholding.
3. Each restricted stock unit represents a contingent right to receive one share of EXP common stock.
4. On May 24, 2024, the reporting person was granted 945 restricted stock units, vesting ratably in three installments on the first anniverary of the date of award; on March 31, 2026; and on March 31, 2027. Upon vesting, any related dividend-equivalent RSUs are also vested at that time.
/s/ Scott M. Wilson as Attorney-in-Fact for Alex Haddock04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Eagle Materials (EXP) executive Alex Haddock report in this Form 4?

Alex Haddock reported routine equity compensation activity, including the vesting and conversion of 317 restricted stock units into common shares and related tax-withholding share dispositions. These entries reflect scheduled award vesting rather than open-market buying or selling of Eagle Materials stock.

How many Eagle Materials (EXP) shares does Alex Haddock hold after the reported transactions?

After the March 31, 2026 transactions, Alex Haddock directly holds 3,187 shares of Eagle Materials common stock. This figure reflects the net result of restricted stock unit conversion and shares withheld by the company to cover income tax obligations tied to equity award vesting.

What is the significance of the 317 restricted stock units for Eagle Materials (EXP)?

The 317 restricted stock units represent equity compensation converting into 317 Eagle Materials common shares upon vesting. This type of transaction compensates the executive in stock, aligning interests with shareholders, and does not represent an open-market stock purchase or discretionary sale decision.

Why were 295 Eagle Materials (EXP) shares withheld from Alex Haddock?

The issuer withheld 295 shares of Eagle Materials common stock at $181.50 per share to satisfy income tax withholding obligations tied to equity award vesting. This includes 164 shares associated with a 400-share restricted stock award granted on May 23, 2023, as described in the filing’s footnotes.

What are the terms of Alex Haddock’s 945 restricted stock unit grant at Eagle Materials (EXP)?

On May 24, 2024, Alex Haddock received 945 restricted stock units that vest in three equal installments: on the first anniversary of the grant date, on March 31, 2026, and on March 31, 2027. Any related dividend-equivalent RSUs vest at the same time as each corresponding installment.

Does this Eagle Materials (EXP) Form 4 show open-market stock sales by Alex Haddock?

The Form 4 does not show open-market stock sales by Alex Haddock. Instead, it reports stock unit conversion into common shares and tax-withholding dispositions, where the issuer withholds shares to pay taxes owed on vested equity awards, a standard administrative process.