Eagle Materials CEO receives 8,636 vested shares
Haack Michael reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Haack Michael reported acquisition or exercise transactions in this Form 4 filing.
Eagle Materials President and CEO Michael Haack reported the vesting of 8,636 shares of restricted common stock. These shares were originally granted on May 23, 2023 and were subject to performance vesting criteria tied to the company’s average three-year return on equity measured at the end of fiscal 2026. On May 11, 2026 the performance conditions were determined to be met, so the 8,636 restricted shares became earned and reportable on that date. Following this vesting event, Haack directly owns 89,215 shares, and the remaining restrictions on the earned shares are scheduled to lapse on May 18, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,636 | $0.00 | $0.00 |
Footnotes (1)
- F1. On May 23, 2023, the reporting person was granted 8,636 shares of restricted stock, subject to the achievement by the Company of performance vesting criteria based on the Company's average three-year return on equity measured at the end of fiscal 2026. On May 11, 2026 the performance vesting criteria was determined to have been met such that 8,636 shares of restricted stock became earned and reportable on such date. The restrictions on the earned shares will lapse on May 18, 2026.
Key Figures
Key Terms
restricted stock financial
performance vesting criteria financial
average three-year return on equity financial
earned and reportable financial
FAQ
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What insider transaction did Eagle Materials (EXP) disclose for Michael Haack?
What performance conditions triggered the vesting of Michael Haack’s EXP restricted stock?
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