Martin Marietta (MLM) CEO awarded 5,919 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nye C Howard reported acquisition or exercise transactions in this Form 4 filing.
Martin Marietta Materials Chairman, President and CEO C. Howard Nye received an equity grant tied to company stock. He was awarded 5,919 restricted stock units on common stock at no cash cost, increasing his directly held shares to 176,038.
The award was granted under the company’s Amended and Restated Stock-Based Award Plan and will cliff vest on the third anniversary of the award date, subject to continued employment and other terms in the award agreement. Nye also indirectly holds 70,400 shares through the Charles Howard Nye Irrevocable Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Nye C Howard
Role
Chairman, Pres & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,919 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 176,038 shares (Direct);
Common Stock — 70,400 shares (Indirect, By Charles Howard Nye Irrevocable Trust)
Footnotes (1)
- [object Object]
FAQ
What did Martin Marietta (MLM) CEO C. Howard Nye report on this Form 4?
C. Howard Nye reported receiving 5,919 restricted stock units linked to Martin Marietta common stock. The grant was recorded as an acquisition at no cash price and reflects an equity award under the company’s stock-based award plan.
What are the vesting terms of the 5,919 restricted stock units granted to the MLM CEO?
The 5,919 restricted stock units will cliff vest on the third anniversary of the award date. Vesting is subject to Nye’s continued employment and other conditions detailed in the Martin Marietta stock-based award agreement.
Was there any cash paid for the 5,919 Martin Marietta restricted stock units?
No cash was paid for the 5,919 restricted stock units; the per-share transaction price was disclosed as 0.0000. This indicates the award was granted as part of Martin Marietta’s equity compensation program rather than a market purchase.