Eagle Materials exec granted 900 restricted shares
EAGLE MATERIALS INC reported that Eric Cribbs, President of American Gypsum, acquired 900 shares of common stock through a restricted stock award.
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Rhea-AI Filing Summary
EAGLE MATERIALS INC reported that Eric Cribbs, President of American Gypsum, acquired 900 shares of common stock through a restricted stock award. These shares were originally granted on May 23, 2023, subject to performance vesting criteria tied to the company’s average three-year return on equity through fiscal 2026.
On May 11, 2026, the company determined that the performance goals had been met, so the 900 restricted shares became earned and are now reportable. Following this vesting event, Cribbs directly holds 13,111 shares of common stock. The restrictions on the 900 earned shares are scheduled to lapse on May 18, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 900 | $0.00 | $0.00 |
Footnotes (1)
- F1. On May 23, 2023, the reporting person was granted 900 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 900 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
return on equity financial
FAQ
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What did EXP executive Eric Cribbs report in this Form 4 transaction?
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