Martin Marietta director awarded 47 MLM shares
Martin Marietta Materials director Pike Thomas reported an acquisition of company stock through an equity award.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 47 | $676.57 | $32K |
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.
FAQ
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What insider transaction did Martin Marietta (MLM) director Pike Thomas report?
Was Pike Thomas’s Martin Marietta (MLM) transaction a purchase or an award?
How and when will Pike Thomas’s Martin Marietta (MLM) director stock units be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.