Eagle Materials (NYSE: EXP) CEO Haack receives dividend RSU equivalents
Rhea-AI Filing Summary
Eagle Materials Inc. President and CEO Michael R. Haack, who also serves as a director, reported routine equity compensation activity in the form of dividend equivalent restricted stock units (DEUs). On January 12, 2026, he acquired 8.2764 restricted stock units and separately 10.9828 restricted stock units, each at a reported price of $0, reflecting additional units credited in connection with a cash dividend paid on the company’s common stock.
These DEUs relate to previously granted restricted stock unit awards that were originally disclosed in prior Form 4 filings dated May 29, 2024 and May 27, 2025. Following these credited amounts, Haack’s directly held restricted stock unit balances increased to 7,961.5637 units for one award and 10,564.9695 units for the other.
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FAQ
What did Eagle Materials (EXP) report about Michael Haack in this Form 4?
The filing reports that Michael R. Haack, President, CEO and director of Eagle Materials Inc., received additional dividend equivalent restricted stock units (DEUs) tied to cash dividends on the company’s common stock.
How many restricted stock units did Michael Haack acquire in the latest Eagle Materials Form 4?
On January 12, 2026, Michael Haack acquired 8.2764 restricted stock units in one transaction and 10.9828 restricted stock units in a second transaction, both reported at a price of $0 per unit.
What are the restricted stock unit balances for Michael Haack after these transactions?
After the reported DEU accruals, Michael Haack beneficially owned 7,961.5637 restricted stock units under one award and 10,564.9695 restricted stock units under another, all held as direct ownership.
What is the nature of the dividend equivalent restricted stock units reported for EXP?
The filing explains that the reported units are dividend equivalent restricted stock units (DEUs), which accrued in connection with a cash dividend paid on Eagle Materials’ common stock, adding units to existing RSU awards.
Were these Eagle Materials Form 4 transactions open-market purchases or sales?
No open-market activity is reported. The Form 4 classifies the transactions with code A for acquisitions of restricted stock units at a price of $0, reflecting DEUs credited due to a cash dividend rather than market trades.
Do the dividend equivalent RSUs relate to earlier awards previously disclosed by Eagle Materials?
Yes. The footnotes state that each set of DEUs relates to an underlying RSU award that was previously disclosed in Form 4 filings dated May 29, 2024 and May 27, 2025, respectively.