Eagle Materials (EXP) SVP Devlin exercises RSUs and covers taxes with shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eagle Materials SVP and Controller William R. Devlin reported compensation-related stock activity involving restricted stock units and associated tax withholding. On May 22, 2026, he exercised 266 restricted stock units into an equal number of common shares, tied to the company’s equity incentive plan.
To cover tax obligations, 105 common shares were disposed of at a price of $199.13 per share as a tax-withholding transaction, not an open-market sale. After these transactions, Devlin directly holds 17,505 common shares and indirectly holds 1,936 shares through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
266 shares exercised/converted
Mixed
4 txns
Insider
Devlin William R
Role
SVP, Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 266 | $0.00 | -- |
| Exercise | Common Stock | 266 | $199.13 | $53K |
| Tax Withholding | Common Stock | 105 | $199.13 | $21K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 527.53 shares (Direct, null);
Common Stock — 17,610 shares (Direct, null);
Common Stock — 1,936 shares (Indirect, By 401(k))
Footnotes (1)
- 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. Each restricted stock unit represents a contingent right to receive one share of EXP common stock. On May 22, 2025, the reporting person was granted 790 restricted stock units. The restricted stock units (and any accrued dividend equivalent RSUs) vest ratably in three installments on the first anniverary of the date of award; on March 31, 2027; and on March 31, 2028.
Key Figures
RSUs exercised: 266 shares
Tax-withholding shares: 105 shares
Share price for tax withholding: $199.13 per share
+3 more
6 metrics
RSUs exercised
266 shares
Restricted stock units converted to common stock on May 22, 2026
Tax-withholding shares
105 shares
Shares disposed to cover tax liability on May 22, 2026
Share price for tax withholding
$199.13 per share
Closing price per share on previous trading day under 2023 Equity Incentive Plan
Direct holdings after transaction
17,505 shares
Common stock directly held by Devlin after May 22, 2026
Indirect 401(k) holdings
1,936 shares
Common stock held indirectly through a 401(k) plan
RSUs granted
790 units
Restricted stock units granted on May 22, 2025 under 2023 Equity Incentive Plan
Key Terms
Restricted Stock Units, tax-withholding disposition, Equity Incentive Plan, dividend equivalent RSUs
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of EXP common stock."
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.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition, code F for payment of tax liability by delivering securities."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share of Common Stock."
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
"The restricted stock units (and any accrued dividend equivalent RSUs) vest ratably in three installments."
FAQ
What insider transactions did Eagle Materials (EXP) report for William R. Devlin?
Eagle Materials reported that SVP and Controller William R. Devlin exercised 266 restricted stock units into common shares and had 105 shares withheld to cover tax obligations. These are compensation and tax-related events, not open-market purchases or sales.
What are restricted stock units in the context of Eagle Materials (EXP)?
Each restricted stock unit represents a contingent right to receive one share of Eagle Materials common stock. These units typically vest over time according to the company’s equity incentive plan, and upon vesting, convert into common shares for the reporting person.
Did William R. Devlin’s Form 4 report a new grant of restricted stock units at Eagle Materials (EXP)?
The filing notes that on May 22, 2025, William R. Devlin was granted 790 restricted stock units under Eagle Materials’ 2023 Equity Incentive Plan. These units vest in three installments on the first anniversary of the award date, March 31, 2027, and March 31, 2028.