Eagle Materials CFO exercises RSUs, covers taxes
Eagle Materials EVP and CFO Dale Craig Kesler reported routine equity compensation activity.
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Form Type
4
Rhea-AI Filing Summary
Eagle Materials EVP and CFO Dale Craig Kesler reported routine equity compensation activity. He exercised 951 restricted stock units, receiving the same number of common shares. To cover income tax obligations, 1,159 shares and 376 shares of common stock were withheld by the company at a reference price of $181.50 per share. After these transactions, he directly holds 54,661 shares of common stock and indirectly holds 160 shares through an IRA. The filing indicates these restricted stock units arise from the company’s 2023 Equity Incentive Plan and a 2024 grant that vests in installments.
Insider Trade Summary
951 shares exercised/converted
Exercise
5 txns
Insider
Kesler Dale Craig
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 951 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,159 | $181.50 | $210K |
| Exercise | Common Stock | 951 | $181.50 | $173K |
| Exercise Price or Tax Liability | Common Stock | 376 | $181.50 | $68K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 950.5745 contracts (Direct);
Common Stock — 54,661 shares (Direct);
Common Stock — 160 shares (Indirect, By Reporting Person's IRA)
Footnotes (4)
- 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. 1,159 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 1,299 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); and (b) 1,634 shares of restricted stock awarded to the reporting person on 5/19/22 (Form 4s filed 5/23/22 and 5/10/23). Because the reporting person's restricted 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 1,159 shares to reflect this tax withholding.
- F3. Each restricted stock unit represents a contingent right to receive one share of EXP common stock.
- F4. On May 24, 2024, the reporting person was granted 2,833 restricted stock units, vesting ratably in three installments on the first anniverary of the date of award; on March 31, 2026; and on March 31, 2027. Upon vesting, any related dividend-equivalent RSUs are also vested at that time.
Key Figures
RSUs exercised: 951 units
Tax withholding shares (first block): 1,159 shares
Tax withholding shares (second block): 376 shares
+4 more
7 metrics
RSUs exercised
951 units
Restricted stock units converted into common stock on March 31, 2026
Tax withholding shares (first block)
1,159 shares
Common shares withheld to satisfy income tax obligations
Tax withholding shares (second block)
376 shares
Additional common shares withheld for tax obligations
Reference share price
$181.50 per share
Closing price used under 2023 Equity Incentive Plan for tax withholding
Direct common stock holdings
54,661 shares
Direct ownership after reported transactions
Indirect common stock holdings
160 shares
Indirect ownership through reporting person’s IRA
2024 RSU grant size
2,833 units
Restricted stock units granted May 24, 2024, vesting in three installments
Key Terms
Restricted Stock Units, tax-withholding disposition, Equity Incentive Plan, dividend-equivalent RSUs, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote stating each unit represents a contingent right"
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" for common stock share withholdings"
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.
Equity Incentive Plan financial
"footnote: "In accordance with the issuer's 2023 Equity Incentive Plan""
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.
dividend-equivalent RSUs financial
"footnote: "any related dividend-equivalent RSUs are also vested at that time""
indirect ownership financial
"nature_of_ownership: "By Reporting Person's IRA" with ownership_code "I""
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?
The CFO reported exercising 951 restricted stock units into common shares and share withholdings for taxes. The activity reflects routine equity compensation events rather than open-market buying or selling, with updated direct and indirect share holdings disclosed after the transactions.
What restricted stock unit activity did the Eagle Materials (EXP) CFO disclose?
He exercised 951 restricted stock units, each representing a right to receive one Eagle Materials common share. The filing also references a 2024 grant of 2,833 restricted stock units that vest in three installments, including on March 31, 2026 and March 31, 2027.
How were taxes handled for the Eagle Materials (EXP) CFO’s equity awards?
To satisfy income tax withholding requirements, 1,159 shares and 376 shares of common stock were withheld by Eagle Materials. The reference price for these withholdings was $181.50 per share, based on the prior trading day’s closing price under the 2023 Equity Incentive Plan.
Are the Eagle Materials (EXP) CFO’s transactions open-market buys or sells?
The filing shows no open-market purchases or sales. Instead, it reports derivative exercises of restricted stock units and dispositions coded as tax-withholding events, where shares are delivered to the issuer to cover income tax obligations associated with vesting equity awards.
What does the 2024 restricted stock unit grant to the Eagle Materials (EXP) CFO involve?
On May 24, 2024, he was granted 2,833 restricted stock units that vest ratably in three installments. Vesting occurs on the first anniversary of the award date, on March 31, 2026, and on March 31, 2027, with related dividend-equivalent RSUs vesting at the same times.
AI-generated analysis. How Rhea-AI works. Not financial advice.
