Eagle Materials (NYSE: EXP) director nets 2,562 shares from option exercise
Rhea-AI Filing Summary
Eagle Materials director Michael R. Nicolais reported equity awards and an option exercise. On June 17, 2026 he exercised 4,139 non-qualified stock options at $81.28 per share and had 1,577 shares withheld at $213.24 to fund the exercise, resulting in a net acquisition of 2,562 common shares. On July 20, 2026 he accrued 4.8999 dividend-equivalent restricted stock units, bringing his RSU balance to 4,000.5938 units. The report does not indicate use of a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,562 shares
Net Buy
4 txns
Insider
NICOLAIS MICHAEL R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F2 | 4.8999 | $0.00 | $0.00 |
| Exercise | Non-Qualified Stock Option (Right to Buy) | 4,139 | $0.00 | $0.00 |
| Exercise | Common Stock | 4,139 | $81.28 | $336K |
| Exercise Price Payment | Common Stock F1 | 1,577 | $213.24 | $336K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 0 shares (Direct);
Restricted Stock Units — 4,000.5938 shares (Direct);
Common Stock — 52,862 shares (Direct)
Footnotes (2)
- F1. 1577 shares were withheld by Mr. Nicolais to pay for the exercise price in connection with the exercise of the Non-Qualified Stock Option shown in Table II. As a result of the transaction, Mr. Nicolais acquired 2,562 shares of Common Stock.
- F2. Represents dividend equivalent Restricted Stock Units (DEUs) accrued in connection with a cash dividend paid by Issuer on its Common Stock. The underlying RSU awards to which the DEUs relate were disclosed in Form 4s filed on July 28, 2004; August 9, 2005; and July 31, 2006.
Key Figures
Options exercised: 4139.0000 shares
Option exercise price: 81.2800 per share
Shares withheld for exercise: 1577 shares
+3 more
6 metrics
Options exercised
4139.0000 shares
Non-Qualified Stock Option into Common Stock on June 17, 2026
Option exercise price
81.2800 per share
Strike price of Non-Qualified Stock Option exercised June 17, 2026
Shares withheld for exercise
1577 shares
Common Stock withheld to pay option exercise price, code F transaction
Net common shares acquired
2,562 shares
Resulting shares from option exercise after withholding, per footnote F1
Dividend-equivalent RSUs accrued
4.8999 units
Dividend equivalent Restricted Stock Units credited July 20, 2026
RSU balance after accrual
4,000.5938 units
Total Restricted Stock Units following July 20, 2026 DEU transaction
Key Terms
Non-Qualified Stock Option (Right to Buy), Restricted Stock Units, dividend equivalent Restricted Stock Units (DEUs)
3 terms
Non-Qualified Stock Option (Right to Buy) financial
"Security titled Non-Qualified Stock Option (Right to Buy) was exercised"
Restricted Stock Units financial
"Reporting person holds Restricted Stock Units convertible into 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.
dividend equivalent Restricted Stock Units (DEUs) financial
"Represents dividend equivalent Restricted Stock Units (DEUs) accrued with a cash dividend"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Eagle Materials (EXP) director Michael R. Nicolais report?
Michael R. Nicolais reported an option exercise of 4,139 shares on June 17, 2026, with 1,577 shares withheld to fund the exercise, netting 2,562 common shares, and a separate accrual of 4.8999 dividend-equivalent restricted stock units on July 20, 2026.
How many Eagle Materials (EXP) options did Michael R. Nicolais exercise and at what price?
He exercised non-qualified stock options covering 4,139 shares of Eagle Materials common stock at an exercise price of $81.28 per share on June 17, 2026, converting the derivative security into an equivalent number of directly held common shares.
What restricted stock unit activity did Eagle Materials (EXP) report for Michael R. Nicolais?
On July 20, 2026, Nicolais received 4.8999 dividend equivalent Restricted Stock Units (DEUs) linked to a cash dividend on Eagle Materials stock, increasing his total RSU holdings to 4,000.5938 units representing future rights to common shares.
Were Michael R. Nicolais’s Eagle Materials (EXP) transactions under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked, indicating the reported transactions were not identified as being executed under a Rule 10b5-1 trading plan or similar pre-arranged trading arrangement in this disclosure.