Eagle Materials (EXP) CEO has 3,399 shares withheld for tax on RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
EAGLE MATERIALS INC President and CEO Michael Haack reported a tax-related share disposition tied to restricted stock vesting. On May 18, 2026, 3,399 shares of Common Stock were withheld by the company at $194.66 per share to cover income tax withholding requirements.
The withholding related to the lapsing of restrictions on 8,636 shares of restricted stock originally awarded on May 23, 2023. After this adjustment, Haack directly holds 85,816 shares of Eagle Materials common stock. This was a compensation- and tax-driven event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haack Michael
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,399 | $194.66 | $662K |
Holdings After Transaction:
Common Stock — 85,816 shares (Direct, null)
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. 3,399 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on 8,636 shares of restricted stock awarded to the reporting person on May 23, 2023 (Form 4 filed on 5/13/2026). Because the reporting person's restricted stock holdings have been included in the direct ownership of Common Stock disclosed by the reporting person, the reporting person's direct ownership of Common Stock has been reduced by 3,399 shares to reflect this tax withholding.
Key Figures
Tax withholding shares: 3,399 shares
Withholding price: $194.66 per share
Shares after transaction: 85,816 shares
+1 more
4 metrics
Tax withholding shares
3,399 shares
Common Stock withheld to satisfy income tax on vesting
Withholding price
$194.66 per share
Closing price per share used under 2023 Equity Incentive Plan
Shares after transaction
85,816 shares
Direct Common Stock ownership following tax withholding
Vesting restricted shares
8,636 shares
Restricted stock award whose restrictions lapsed on May 23, 2023
Key Terms
2023 Equity Incentive Plan, restricted stock, income tax withholding requirements, tax-withholding disposition
4 terms
2023 Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share..."
restricted stock financial
"related to the lapsing of restrictions on 8,636 shares of restricted stock awarded to the reporting person..."
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.
income tax withholding requirements financial
"shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions..."
tax-withholding disposition financial
"transaction_action: tax-withholding disposition for 3,399 shares of Common Stock"
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.
FAQ
What insider transaction did Eagle Materials (EXP) CEO Michael Haack report?
Michael Haack reported a tax-related disposition where 3,399 Eagle Materials shares were withheld by the company. The withholding covered income tax obligations arising from vesting of previously granted restricted stock under the 2023 Equity Incentive Plan.
Was the Eagle Materials (EXP) CEO’s Form 4 transaction an open-market sale?
No, the Form 4 shows shares withheld to satisfy income tax obligations, not an open-market sale. The company retained 3,399 shares when restrictions lapsed on a vested restricted stock award granted in May 2023.
What award caused the tax withholding in Eagle Materials (EXP) CEO’s Form 4?
The tax withholding stems from the lapsing of restrictions on 8,636 shares of restricted stock. These shares were originally awarded to Michael Haack on May 23, 2023 under the company’s equity compensation program.