[144] Martin Marietta Materials SEC Filing
Martin Marietta Materials, Inc. (MLM) filed a Form 144 reporting a proposed sale of 1,038 shares of common stock through Fidelity Investments, with an aggregate market value of $623,111.40. The sale is scheduled to occur on or about 08/08/2025 on the NYSE. The 1,038 shares were acquired as distributions of restricted stock awards across 2020–2025 (140 in 2020, 194 in 2021, 222 in 2022, 181 in 2023, 147 in 2024, and 154 in 2025).
The filing shows 60,306,003 shares outstanding, so the proposed sale represents approximately 0.0017% of outstanding shares. The filer reports no securities sold in the past three months and includes the standard representation that the seller is not aware of undisclosed material adverse information about the issuer.
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Insights
TL;DR: Routine insider notice; sale size is negligible relative to market capitalization and unlikely to affect valuation.
The Form 144 discloses a proposed sale of 1,038 shares valued at $623,111.40, routed through Fidelity and slated for 08/08/2025. These shares originate from scheduled distributions of restricted stock awards between 2020 and 2025, indicating planned employee/insider monetization rather than a market-driven transfer. Given total outstanding shares of 60,306,003, the sale equals roughly 0.0017% of the float, which is immaterial to liquidity or share price on its own.
TL;DR: Disclosure aligns with Rule 144 requirements and shows transparency; no governance red flags apparent in the notice.
The filing provides required Rule 144 detail: broker, number of shares, aggregate value, acquisition dates, and that the shares stem from restricted stock distributions. The absence of any sales in the prior three months and the signer’s certification about material information are standard. There is no indication of accelerated sales or clustering that might raise governance concerns based on this notice alone.