Eagle Materials CFO gets stock awards, exercises RSUs
Eagle Materials EVP and CFO Dale Craig Kesler reported routine equity compensation and related share movements.
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Form Type
4
Rhea-AI Filing Summary
Eagle Materials EVP and CFO Dale Craig Kesler reported routine equity compensation and related share movements. On May 21, he received 4,596 non-qualified stock options with an exercise price of $199.13 per share and 1,758 restricted stock units under the 2023 Equity Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of EXP common stock and vests in three installments as described in the plan footnotes. On May 22, 824 restricted stock units converted into the same number of common shares, and 325 common shares were withheld to cover tax obligations, a non‑market disposition. After these transactions, he directly holds 56,578 common shares and indirectly holds 442 shares through an IRA.
Insider Trade Summary
824 shares exercised/converted
Exercise
6 txns
Insider
Kesler Dale Craig
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 824 | $0.00 | $0.00 |
| Exercise | Common Stock | 824 | $199.13 | $164K |
| Exercise Price or Tax Liability | Common Stock | 325 | $199.13 | $65K |
| Grant/Award | Restricted Stock Units | 1,758 | $0.00 | $0.00 |
| Grant/Award | Non-Qualified Stock Option (Right to Buy) | 4,596 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,402.9832 contracts (Direct);
Non-Qualified Stock Option (Right to Buy) — 4,596 contracts (Direct);
Common Stock — 56,578 shares (Direct);
Common Stock — 442 shares (Indirect, By Reporting Person's IRA)
Footnotes (5)
- F1. 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.
- F2. Each restricted stock unit represents a contingent right to receive one share of EXP common stock.
- F3. The restricted stock units (and any accrued dividend equivalent RSUs) vest ratably in three installments on the first anniversary of the date of award; on March 31, 2028; and on March 31, 2029.
- F4. This award will vest ratably on the first anniversary of the date of award; on March 31, 2028; and on March 31, 2029.
- F5. On May 22, 2025, the reporting person was granted 2,458 restricted stock units. The restricted stock units (and any accrued dividend equivalent RSUs) vest ratably in three installments on the first anniverary of the date of award; on March 31, 2027; and on March 31, 2028.
Key Figures
Tax-withholding shares: 325 shares
RSUs converted: 824 shares
Options granted: 4,596 options
+5 more
8 metrics
Tax-withholding shares
325 shares
Common stock withheld for tax obligations on May 22
RSUs converted
824 shares
Restricted stock units converted into common stock on May 22
Options granted
4,596 options
Non-qualified stock options granted on May 21
Option exercise price
$199.13 per share
Exercise price for non-qualified stock options under 2023 plan
RSUs granted
1,758 RSUs
Restricted stock units granted on May 21
Direct holdings after
56,578 shares
Common stock directly held by CFO after transactions
Indirect IRA holdings
442 shares
Common stock held indirectly through reporting person’s IRA
Tax-withholding price reference
$199.13 per share
Closing price referenced for equity plan and withholding
Key Terms
Restricted Stock Units, Non-Qualified Stock Option, Equity Incentive Plan, tax-withholding disposition, +1 more
5 terms
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.
Non-Qualified Stock Option financial
"Non-Qualified Stock Option (Right to Buy) covering 4,596 shares of common stock."
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share."
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 disposition financial
"A tax-withholding disposition of 325 common shares was reported to satisfy tax liability."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
exercise or conversion of derivative security financial
"Transaction code M reflects the exercise or conversion of a derivative security into common stock."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Eagle Materials (EXP) CFO Dale Craig Kesler report in this Form 4?
Dale Craig Kesler reported routine equity compensation activity, including new stock option and restricted stock unit grants, the conversion of 824 RSUs into common shares, and share withholding for taxes, with no open‑market buying or selling disclosed in the transactions.
What stock option grant did the Eagle Materials CFO receive?
The CFO received a grant of 4,596 non-qualified stock options with an exercise price of $199.13 per share, linked to 4,596 underlying common shares, as part of an equity award granted under Eagle Materials’ 2023 Equity Incentive Plan.
What restricted stock unit awards were reported for the Eagle Materials CFO?
The filing shows a grant of 1,758 restricted stock units and a separate conversion of 824 restricted stock units into common shares. Each restricted stock unit represents a right to receive one EXP common share, vesting in three installments as described in the award footnotes.
How are the new equity awards for the Eagle Materials CFO structured over time?
The restricted stock units vest in three installments, including on the first anniversary of the award date and on specified future March 31 dates. This structure ties the CFO’s equity compensation to multi‑year service and performance horizons at Eagle Materials.
AI-generated analysis. How Rhea-AI works. Not financial advice.
