Martin Marietta (NYSE: MLM) CFO gets PSU shares, withholds stock for taxes
Rhea-AI Filing Summary
Martin Marietta Materials reported equity compensation activity for SVP and CFO Michael J. Petro. He acquired 1,724 shares of common stock at no cost through the settlement of previously granted performance share units. These units were granted on February 24, 2023, and tied to performance goals measured from January 1, 2023 through December 31, 2025.
On February 17, 2026, the company’s Management Development and Compensation Committee certified the achievement of the applicable performance goals and approved settlement of the grant. On the same date, 758 shares were disposed of at $666.53 per share to cover tax obligations, a tax-withholding disposition rather than an open-market sale. Following these transactions, Petro directly holds 11,772.6026 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,724 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 758 | $666.53 | $505K |
Footnotes (1)
- F1. Represents the settlement of performance share units into common stock that were granted under the Martin Marietta Amended and Restated Stock Based Award Plan on February 24, 2023. The ultimate amount of shares to be received under the grant depended on the achievement of performance goals during a three-year performance period from January 1, 2023, through December 31, 2025. On February 17, 2026, Martin Marietta's Management Development and Compensation Committee certified the attainment of the applicable performance goals and approved the settlement of the PSU grant. The shares underlying the PSUs vested on December 31, 2025.
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