Director Thomas Pike receives 59-share stock grant at Martin Marietta (NYSE: MLM)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pike Thomas reported acquisition or exercise transactions in this Form 4 filing.
Martin Marietta Materials director Thomas Pike reported a routine equity award. On May 29, 2026, he received a grant of 59 shares of Common Stock at a reference price of $581.64 per share as non-cash compensation.
Following this award, Pike directly holds 4,963 shares of Martin Marietta Materials common stock. According to the company’s Common Stock Purchase Plan for Directors, these common stock units are accrued and will be settled in stock in a lump sum or installments, generally after he ceases to be a Non-Employee Director or on a later elected date within plan limits.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pike Thomas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 59 | $581.64 | $34K |
Holdings After Transaction:
Common Stock — 4,963 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares granted: 59 shares
Grant reference price: $581.64 per share
Shares held after grant: 4,963 shares
3 metrics
Shares granted
59 shares
Director stock grant on May 29, 2026
Grant reference price
$581.64 per share
Value used for the 59-share award
Shares held after grant
4,963 shares
Total direct holdings following the transaction
Key Terms
Common Stock Purchase Plan for Directors, common stock units, Non-Employee Director
3 terms
Common Stock Purchase Plan for Directors financial
"Common stock units were accrued under the Martin Marietta Materials, Inc. Common Stock Purchase Plan for Directors (the "Plan")"
common stock units financial
"Common stock units were accrued under the Martin Marietta Materials, Inc. Common Stock Purchase Plan for Directors"
A common stock unit is a tradable ownership interest that represents one or more ordinary shares in a company, giving the holder a stake in profits, a claim on assets after creditors, and usually voting rights on corporate matters. For investors it matters because these units determine how much of the company you own, how much influence you have, and how returns or losses are shared—think of owning slices of a pie that can be increased or diluted by the company’s actions.
Non-Employee Director financial
"commencing on (i) the date the reporting person ceases to be a Non-Employee Director"
FAQ
What insider transaction did Martin Marietta (MLM) director Thomas Pike report?
Director Thomas Pike reported receiving 59 shares of Martin Marietta common stock as a grant on May 29, 2026. This award was made under the company’s Common Stock Purchase Plan for Directors as part of his non-cash board compensation.
Was the Martin Marietta (MLM) Form 4 transaction a purchase or a grant?
The Form 4 shows a grant, not an open-market purchase. The transaction code is “A,” indicating an award or other acquisition of 59 shares as director compensation under the company’s Common Stock Purchase Plan for Directors.
When will Thomas Pike’s Martin Marietta (MLM) director stock units be settled?
The common stock units accrued under the directors’ plan will be settled in stock in a lump sum or installments. Settlement generally begins after he ceases to be a Non-Employee Director or on an elected date within 10 years, consistent with the plan’s terms.