Tax withholding trims Eagle Materials (NYSE: EXP) SVP share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eagle Materials Senior Vice President Alex Haddock reported a routine tax-related share reduction. On the lapsing of restrictions on 720 shares of previously awarded restricted stock, the company withheld 284 shares of Common Stock at $194.66 per share to cover income tax obligations. This non-market transaction reduced his directly owned Common Stock to 3,623 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haddock Alex
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 284 | $194.66 | $55K |
Holdings After Transaction:
Common Stock — 3,623 shares (Direct, null)
Footnotes (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. 284 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on 720 shares of restricted stock awarded to the reporting person on May 23, 2023 (Form 4 filed on 5/13/2026). Because the reporting person's restricted stock 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 284 shares to reflect this tax withholding.
Key Figures
Shares withheld for tax: 284 shares
Withholding price: $194.66 per share
Shares after transaction: 3,623 shares
+1 more
4 metrics
Shares withheld for tax
284 shares
Withheld to satisfy income tax on restricted stock vesting
Withholding price
$194.66 per share
Closing price on previous trading day under 2023 Equity Incentive Plan
Shares after transaction
3,623 shares
Direct Common Stock ownership following tax withholding
Restricted shares vesting
720 shares
Restricted stock award from May 23, 2023 with lapsing restrictions
Key Terms
restricted stock, income tax withholding requirements, Equity Incentive Plan, closing price per share
4 terms
restricted stock financial
"related to the lapsing of restrictions on 720 shares of restricted stock awarded"
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.
income tax withholding requirements financial
"shares were withheld by the issuer to satisfy income tax withholding requirements"
Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan, this price represents"
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.
FAQ
What did Eagle Materials (EXP) executive Alex Haddock report in this Form 4?
Alex Haddock reported a tax-related share withholding, not an open-market trade. Eagle Materials withheld 284 Common Stock shares to satisfy income tax on vesting of 720 restricted shares, reducing his direct holdings to 3,623 shares afterward.
Was this Eagle Materials (EXP) Form 4 a buy or sell by Alex Haddock?
This Form 4 shows a tax-withholding disposition, not a buy or open-market sale. The company withheld 284 shares from vested restricted stock to pay income taxes, a standard administrative step that adjusts reported direct ownership without a market trade.