Martin Marietta (MLM) director granted 56 common stock units
Rhea-AI Filing Summary
Martin Marietta Materials director David C. Wajsgras reported an equity award under the company’s director stock plan. On this date, he acquired 56 common stock units at a reference price of $676.57 per share, increasing his directly held common stock to 4,646 shares.
The units were accrued under the Common Stock Purchase Plan for Directors and will be settled in stock in a lump sum or installments over time, generally after he ceases to be a non-employee director, according to his prior election under the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 56 shares
Net Buy
1 txn
Insider
WAJSGRAS DAVID C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 56 | $676.57 | $38K |
Holdings After Transaction:
Common Stock — 4,646 shares (Direct)
Footnotes (1)
- F1. Common stock units were accrued under the Martin Marietta Materials, Inc. Common Stock Purchase Plan for Directors (the "Plan") and are to be settled in stock in a lump sum or in installments not to exceed 10 years commencing on (i) the date the reporting person ceases to be a Non-Employee Director, (ii) the date that is one month and one year following the date the reporting person ceases to be a Non-Employee Director, or (iii) the date elected by the Non-Employee Director that is later than the third anniversary of the date the fees are earned, in accordance with the reporting person's election under the Plan.
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FAQ
What insider transaction did MLM director David C. Wajsgras report?
David C. Wajsgras reported an acquisition of 56 common stock units in Martin Marietta Materials. These were granted under the company’s director stock purchase plan, representing an equity award rather than an open-market purchase of shares on a stock exchange.
At what price were the Martin Marietta (MLM) stock units valued in this award?
The 56 common stock units for David C. Wajsgras were valued at $676.57 per share. This figure is a reference price used for the award calculation under the director stock plan, not necessarily the actual market trading price at the time of the grant.
What plan governed the stock units awarded to the MLM director?
The stock units accrued under the Martin Marietta Materials, Inc. Common Stock Purchase Plan for Directors. This plan allows non-employee directors to receive fees in stock units, which are later settled in common shares according to the director’s elected distribution schedule.