Eagle Materials EVP exercises 600 RSUs, holds 19K shrs
EAGLE MATERIALS INC EVP & General Counsel Matt Newby exercised 600 restricted stock units into an equal number of Common Stock shares on March 31, 2026.
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Form Type
4
Rhea-AI Filing Summary
EAGLE MATERIALS INC EVP & General Counsel Matt Newby exercised 600 restricted stock units into an equal number of Common Stock shares on March 31, 2026. These units convert one-for-one into Eagle Materials common stock.
To cover income tax withholding tied to vesting events, the issuer withheld a total of 1,146 Common Stock shares at a reference price of $181.50 per share. After these compensation-related and tax-withholding transactions, Newby directly holds 19,490 Common Stock shares and 597.0657 remaining restricted stock units under the company’s equity incentive plan.
Insider Trade Summary
600 shares exercised/converted
Exercise
4 txns
Insider
Newby Matt
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 600 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 907 | $181.50 | $165K |
| Exercise | Common Stock | 600 | $181.50 | $109K |
| Exercise Price or Tax Liability | Common Stock | 239 | $181.50 | $43K |
Holdings After Transaction:
Restricted Stock Units — 597.0657 contracts (Direct);
Common Stock — 19,490 shares (Direct)
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. 907 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 749 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); and (b) 1,525 shares of restricted stock awarded to the reporting person on 5/19/22 (Form 3 filed 6/6/22 and Form 4 filed 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 907 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 1,784 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: 600 units
Shares withheld for taxes: 1,146 shares
Tax reference price: $181.50 per share
+4 more
7 metrics
RSUs exercised
600 units
Restricted stock units converted to Common Stock on March 31, 2026
Shares withheld for taxes
1,146 shares
Common Stock withheld to satisfy income tax obligations
Tax reference price
$181.50 per share
Closing price per share used under 2023 Equity Incentive Plan
Direct Common Stock holdings
19,490 shares
Shares directly owned after March 31, 2026 transactions
Remaining RSU balance
597.0657 units
Restricted stock units remaining after the reported exercise
Tax withholding from prior awards
907 shares
Withheld for taxes on older restricted stock awards
Additional tax withholding
239 shares
Withheld in connection with March 31, 2026 vesting events
Key Terms
Restricted Stock Units, Equity Incentive Plan, dividend-equivalent RSUs, tax withholding requirements, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote: "Each restricted stock 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.
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: "Upon vesting, any related dividend-equivalent RSUs are also vested""
tax withholding requirements financial
"footnote: "withheld by the issuer to satisfy income tax withholding requirements""
restricted stock financial
"footnote: "restricted stock awarded to the reporting person""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Eagle Materials (EXP) EVP Matt Newby do in this Form 4?
Matt Newby exercised 600 restricted stock units into 600 Eagle Materials Common Stock shares. The transactions are part of his equity compensation and include share withholdings to cover income tax obligations related to vesting, rather than open-market purchases or sales.
What are the details of the restricted stock units reported for Eagle Materials (EXP)?
Each restricted stock unit represents a contingent right to receive one Eagle Materials common share. Newby exercised 600 units on March 31, 2026 and still holds 597.0657 units, which were granted under the company’s 2023 Equity Incentive Plan and vest in scheduled installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
