Director adds deferred stock grant at Martin Marietta (MLM)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Martin Marietta Materials director Pike Thomas reported an acquisition of company stock through an equity award. On the reported date, he received 47 shares of Martin Marietta Materials common stock at a price of $676.57 per share, classified as a grant or award acquisition.
Following this transaction, his directly held common stock position increased to 4,591 shares. The footnote explains that these common stock units were accrued under the Martin Marietta Materials, Inc. Common Stock Purchase Plan for Directors and will be settled in stock at future dates elected under that plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pike Thomas
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 47 | $676.57 | $32K |
Holdings After Transaction:
Common Stock — 4,591 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Martin Marietta (MLM) director Pike Thomas report?
Pike Thomas reported receiving an equity award of common stock in Martin Marietta Materials. The Form 4 shows this as an acquisition of shares through a grant or award, rather than an open‑market purchase, under the company’s Common Stock Purchase Plan for Directors.
Was Pike Thomas’s Martin Marietta (MLM) transaction a purchase or an award?
The transaction was an award, not an open‑market purchase. It is coded as transaction code “A,” described as a grant, award, or other acquisition of common stock, reflecting shares accrued under the company’s Common Stock Purchase Plan for Directors rather than a market buy.
How and when will Pike Thomas’s Martin Marietta (MLM) director stock units be settled?
The common stock units were accrued under the Martin Marietta Materials Common Stock Purchase Plan for Directors. They will be settled in stock in a lump sum or installments, with timing tied to when he ceases to be a Non‑Employee Director or other elected dates allowed by the plan.