Eagle Materials (NYSE: EXP) president gains 900 performance-based shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cribbs Eric
Role
President (American Gypsum)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 900 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,111 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock vested: 900 shares
Holdings after transaction: 13,111 shares
Grant date: May 23, 2023
+2 more
5 metrics
Restricted stock vested
900 shares
Performance-based restricted shares earned on May 11, 2026
Holdings after transaction
13,111 shares
Total common stock directly held by Eric Cribbs after vesting
Grant date
May 23, 2023
Original grant of 900 restricted shares subject to performance vesting
Vesting determination date
May 11, 2026
Date performance criteria were determined to be met
Restriction lapse date
May 18, 2026
Scheduled date restrictions on the 900 earned shares will lapse
Key Terms
restricted stock, performance vesting criteria, return on equity
3 terms
restricted stock financial
"the reporting person was granted 900 shares of restricted stock, subject to the achievement"
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.
performance vesting criteria financial
"subject to the achievement by the Company of performance vesting criteria based on the Company's average"
return on equity financial
"performance vesting criteria based on the Company's average three-year return on equity measured"
Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.
FAQ
What did EXP executive Eric Cribbs report in this Form 4 transaction?
Eric Cribbs reported the acquisition of 900 shares of Eagle Materials common stock. These shares resulted from a restricted stock grant that vested after performance goals tied to three-year average return on equity were met, increasing his direct holdings to 13,111 shares.