Martin Marietta (NYSE: MLM) CHRO receives 1,277-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCunniff Donald A. reported acquisition or exercise transactions in this Form 4 filing.
Martin Marietta Materials executive vice president and chief human resources officer Donald A. McCunniff received an award of 1,277 shares of common stock in the form of restricted stock units. The grant was made at no cash cost to him and was issued under the company’s Amended and Restated Stock-Based Award Plan.
The restricted stock units vest in equal annual installments over three years from the grant date, encouraging longer-term retention and alignment with shareholders. After this grant, McCunniff directly holds 4,750 shares of Martin Marietta common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCunniff Donald A.
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,277 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,750 shares (Direct)
Footnotes (1)
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FAQ
What did Martin Marietta (MLM) EVP and CHRO Donald McCunniff report on this Form 4?
Donald McCunniff reported receiving 1,277 shares of common stock as a restricted stock unit award. The grant was made under Martin Marietta’s Amended and Restated Stock-Based Award Plan and represents a compensation-based acquisition, not an open-market stock purchase or sale.
What type of equity award did Martin Marietta (MLM) grant to Donald McCunniff?
Martin Marietta granted Donald McCunniff a restricted stock unit award covering 1,277 shares of common stock. The award was issued at a stated price of $0.00 per share as part of the company’s Amended and Restated Stock-Based Award Plan for executive compensation.
How do the restricted stock units granted to MLM’s Donald McCunniff vest over time?
The restricted stock unit award vests pro rata in equal installments over three years from the grant date. This means one-third of the 1,277-share award becomes vested each year, aligning McCunniff’s compensation with longer-term company performance and retention objectives.