Eagle Materials (NYSE: EXP) counsel vests 1,350 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eagle Materials EVP & General Counsel Matt Newby acquired 1,350 shares of common stock through a performance-based restricted stock award. The award was originally granted on May 23, 2023 and tied to the company’s average three-year return on equity measured at the end of fiscal 2026. On May 11, 2026, the performance vesting criteria were determined to have been met, so the 1,350 shares became earned and reportable. After this acquisition, Newby directly holds 20,840 shares of Eagle Materials common stock. The remaining restrictions on the earned shares are scheduled to lapse on May 18, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Newby Matt
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,350 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 20,840 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock earned: 1,350 shares
Price per share: $0.0000 per share
Shares after transaction: 20,840 shares
+2 more
5 metrics
Restricted stock earned
1,350 shares
Performance-based award earned on May 11, 2026
Price per share
$0.0000 per share
Grant/award acquisition, compensation-related
Shares after transaction
20,840 shares
Total direct holdings following acquisition
Original grant date
May 23, 2023
Restricted stock grant subject to performance criteria
Restriction lapse date
May 18, 2026
Date remaining restrictions on earned shares lapse
Key Terms
restricted stock, performance vesting criteria, average three-year return on equity, fiscal 2026
4 terms
restricted stock financial
"the reporting person was granted 1,350 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 three-year return on equity financial
"performance vesting criteria based on the Company's average three-year return on equity measured"
fiscal 2026 financial
"average three-year return on equity measured at the end of fiscal 2026."
FAQ
What insider transaction did Eagle Materials (EXP) report for Matt Newby?
Eagle Materials reported that EVP & General Counsel Matt Newby acquired 1,350 shares of common stock. These shares came from a performance-based restricted stock award that became earned once specific return-on-equity goals were determined to be achieved.
What performance criteria were tied to Matt Newby’s Eagle Materials (EXP) award?
The 1,350-share restricted stock award was subject to performance vesting criteria based on Eagle Materials’ average three-year return on equity. This performance was measured at the end of fiscal 2026, and the criteria were determined met on May 11, 2026.
Was Matt Newby’s Eagle Materials (EXP) award an open-market purchase?
No, the filing describes the transaction as a grant, award, or other acquisition of 1,350 shares at a price of $0.0000 per share. It reflects vesting of restricted stock rather than an open-market purchase of Eagle Materials shares.