Eagle Materials (EXP) SVP exercises RSUs, covers tax with company shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eagle Materials Senior Vice President Alex Haddock reported routine equity compensation activity. On May 21, 2026, he received a grant of 1,130 restricted stock units, each representing a right to one share of EXP common stock. On May 22, 2026, 354 restricted stock units were converted into 354 shares of common stock, and 140 of those shares were withheld to cover tax obligations at a reference price of $199.13 per share under the company’s 2023 Equity Incentive Plan. Following these transactions, Haddock directly held 3,977 shares of common stock and 704.7097 restricted stock units, reflecting a standard mix of vesting and tax withholding rather than open-market trading.
Positive
- None.
Negative
- None.
Insider Trade Summary
354 shares exercised/converted
Mixed
4 txns
Insider
Haddock Alex
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 354 | $0.00 | -- |
| Exercise | Common Stock | 354 | $199.13 | $70K |
| Tax Withholding | Common Stock | 140 | $199.13 | $28K |
| Grant/Award | Restricted Stock Units | 1,130 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 704.71 shares (Direct, null);
Common Stock — 3,977 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. Each restricted stock unit represents a contingent right to receive one share of EXP common stock. The restricted stock units (and any accrued dividend equivalent RSUs) vest ratably in three installments on the first anniversary of the date of award; on March 31, 2028; and on March 31, 2029. On May 22, 2025, the reporting person was granted 1,054 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
RSU grant: 1,130 units
RSUs converted: 354 units
Tax-withheld shares: 140 shares
+3 more
6 metrics
RSU grant
1,130 units
Restricted stock units granted on May 21, 2026
RSUs converted
354 units
RSUs converted into common stock on May 22, 2026
Tax-withheld shares
140 shares
Shares withheld to cover tax obligations at $199.13
Reference price
$199.13/share
Closing price per share used under 2023 Equity Incentive Plan
Common shares held
3,977 shares
Total common stock directly held after transactions
RSUs remaining
704.7097 units
Restricted stock units directly held after RSU conversion
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, Equity Incentive Plan
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
"Payment of exercise price or 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.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share"
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.
FAQ
What insider transactions did EXP executive Alex Haddock report on this Form 4?
Alex Haddock reported an equity award grant, a restricted stock unit conversion, and related tax withholding. He received 1,130 RSUs, had 354 RSUs convert into common stock, and 140 shares were withheld to satisfy tax obligations tied to the vesting event.
What restricted stock unit grant did Alex Haddock receive from Eagle Materials (EXP)?
He was granted 1,130 restricted stock units, each equal to one EXP share upon vesting. According to the footnotes, these units, plus any dividend equivalent RSUs, vest in three installments on specified future dates tied to the company’s equity incentive plan.
How are Alex Haddock’s Eagle Materials (EXP) RSUs structured to vest over time?
Footnotes explain that restricted stock units, including dividend equivalent RSUs, vest ratably in three installments on the first anniversary of the grant date and on specified future dates, such as March 31, 2028 and March 31, 2029, under the company’s equity plans.