EXP insider filing: 561 restricted shares awarded to director

Rhea-AI Filing Summary

Carter Margot Lebenberg (reported name on form) was granted 561 shares of restricted common stock of Eagle Materials, Inc. (EXP) on 08/04/2025. The shares were issued at $0 and, after the award, her direct beneficial ownership increased to 10,572 shares. The restrictions on the granted shares will lapse on 07/31/2026, at which point the shares become vested. The filing identifies the reporting person as a director and shows no derivative transactions reported in Table II.

Insights

Corporate Governance Expert

TL;DR: Restricted stock grant to a director aligns compensation with shareholders but represents routine executive award, not a market purchase.

The filing documents a standard restricted stock award of 561 shares granted at no cash price, vesting on July 31, 2026. Such awards are commonly used to retain directors and align incentives with long-term performance. The increase to 10,572 shares reflects post-grant direct ownership. This is a governance/compensation event rather than an insider market buy or sale; its investor impact is limited unless part of a larger program.

Securities Analyst

TL;DR: This is a compensation grant, not an open-market transaction; it provides limited near-term information about insider sentiment.

The transaction code and $0 price indicate issuance of restricted stock rather than an open-market purchase. There is no reported sale or derivative activity. From a market-signaling perspective, grants convey alignment but do not reflect personal capital commitment. The change in direct holdings to 10,572 shares is disclosed, and no material financing or liquidity event is indicated by this Form 4.

SEC Form 4

FORM 4

UNITED 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

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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^*

Carter Margot Lebenberg

(Last) (First) (Middle)

5960 BERKSHIRE LN., STE 900

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EAGLE MATERIALS INC [ EXP ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2025		A		561(1)	A	$0	10,572	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On August 4, 2025, the reporting person was granted 561 shares of restricted stock. The restrictions will lapse on July 31, 2026.

	/s/ Scott M. Wilson as Attorney-in-Fact for Margot Lebenberg Carter	08/06/2025
	** Signature of Reporting Person	Date
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.

FAQ

What did Margot Lebenberg Carter report for Eagle Materials (EXP)?

She was granted 561 restricted shares of common stock on 08/04/2025 at a $0 price, increasing direct ownership to 10,572 shares.

When do the restricted shares vest for the EXP grant?

The restrictions on the awarded shares will lapse on 07/31/2026, at which point the shares become vested.

Does the Form 4 report any derivative securities for EXP?

No. Table II shows no derivative securities were acquired or disposed of in this filing.

What is the reporting person’s role at Eagle Materials (EXP)?

The filing identifies the reporting person as a director of Eagle Materials, Inc.

How many shares does Margot directly beneficially own after the transaction?

The filing reports direct beneficial ownership of 10,572 shares following the grant.