Eagle Materials (NYSE: EXP) CFO earns 2,339 restricted shares as award vests
Rhea-AI Filing Summary
Kesler Dale Craig reported acquisition or exercise transactions in this Form 4 filing.
Eagle Materials EVP and CFO Dale Craig Kesler reported the vesting of a prior stock award and an update to IRA holdings. On May 11, 2026, 2,339 shares of restricted stock granted on May 23, 2023 became earned after the company met performance vesting criteria based on its average three-year return on equity measured at the end of fiscal 2026.
The restrictions on these earned shares are scheduled to lapse on May 18, 2026, increasing his fully vested direct ownership over time. Following this award, Kesler directly holds 57,000 shares of common stock and indirectly holds 442 shares through his IRA, with the IRA balance updated to correct a recordkeeping error.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,339 shares
Net Buy
2 txns
Insider
Kesler Dale Craig
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,339 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 57,000 shares (Direct);
Common Stock — 442 shares (Indirect, By Reporting Person's IRA)
Footnotes (2)
- F1. On May 23, 2023, the reporting person was granted 2,339 shares of restricted stock, subject to the achievement by the Company of performance vesting criteria based on the Company's average three-year return on equity measured at the end of fiscal 2026. On May 11, 2026 the performance vesting criteria was determined to have been met such that 2,339 shares of restricted stock became earned and reportable on such date. The restrictions on the earned shares will lapse on May 18, 2026.
- F2. Updated IRA holdings correct a recordkeeping error.
Key Figures
Restricted shares earned: 2,339 shares
Direct holdings after transaction: 57,000 shares
Indirect IRA holdings: 442 shares
+3 more
6 metrics
Restricted shares earned
2,339 shares
Performance-based restricted stock became earned on May 11, 2026
Direct holdings after transaction
57,000 shares
Common stock directly owned by CFO after vesting event
Indirect IRA holdings
442 shares
Common stock held indirectly through reporting person’s IRA
Grant date of award
May 23, 2023
Date 2,339 restricted shares were originally granted
Restriction lapse date
May 18, 2026
Date restrictions on the 2,339 earned shares will lapse
Performance period length
3 years
Average three-year return on equity performance measurement
Key Terms
restricted stock, performance vesting criteria, average three-year return on equity, recordkeeping error
4 terms
restricted stock financial
"the reporting person was granted 2,339 shares of restricted stock, subject to the achievement"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
performance vesting criteria financial
"subject to the achievement by the Company of performance vesting criteria based on the Company's average"
average three-year return on equity financial
"based on the Company's average three-year return on equity measured at the end of fiscal 2026"
recordkeeping error financial
"Updated IRA holdings correct a recordkeeping error."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Eagle Materials (EXP) report for EVP and CFO Dale Kesler?
Eagle Materials reported a vesting of restricted stock and an IRA holding update for EVP and CFO Dale Kesler. A 2,339-share restricted stock award became earned after performance goals were met, and indirect IRA holdings of 442 shares were corrected for a prior recordkeeping error.
What does the IRA holding update mean in the Eagle Materials (EXP) Form 4?
The IRA holding entry reflects a correction of prior records for the CFO’s indirect holdings. The filing states that updated IRA holdings correct a recordkeeping error, resulting in 442 common shares reported as indirectly owned through the reporting person’s IRA account.