Martin Marietta (NYSE: MLM) CFO reports tax-related share withholding
Rhea-AI Filing Summary
Martin Marietta Materials SVP and CFO Michael J. Petro reported a Form 4 transaction in which 368.0000 shares of Common Stock were withheld on August 3, 2026 at $542.2700 per share to satisfy an exercise price or tax obligation. After this disposition, he directly owned 14990.6026 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 368 shares
Net Sell
1 txn
Insider
Petro Michael J
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 368 | $542.27 | $200K |
Holdings After Transaction:
Common Stock — 14,990.6026 shares (Direct)
Key Figures
Shares withheld: 368.0000 shares
Price per share: $542.2700
Shares owned after: 14990.6026 shares
3 metrics
Shares withheld
368.0000 shares
Common Stock used on 2026-08-03 to satisfy exercise price or tax obligation
Price per share
$542.2700
Per-share value applied to the 368.0000-share disposition
Shares owned after
14990.6026 shares
Direct Common Stock holdings by Michael J. Petro following the transaction
Key Terms
Payment of exercise price or tax liability, exercise-price-or-tax-liability disposition, Rule 10b5-1, Form 4
4 terms
Payment of exercise price or tax liability regulatory
"Transaction code F is described as Payment of exercise price or tax liability"
exercise-price-or-tax-liability disposition financial
"The event is labeled an exercise-price-or-tax-liability disposition in the data"
Rule 10b5-1 regulatory
"The Rule 10b5-1 checkbox on the insider form was left unchecked"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Form 4 regulatory
"Insider equity transactions are reported to the SEC on Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Martin Marietta Materials (MLM) CFO Michael J. Petro report?
Michael J. Petro reported a disposition where 368.0000 shares of Martin Marietta Materials Common Stock were withheld on August 3, 2026 at $542.2700 per share to satisfy an exercise price or tax obligation, as reflected in his Form 4 filing.
What does transaction code F mean in Michael J. Petro’s MLM Form 4?
In this Form 4, transaction code F is described as a payment of exercise price or tax liability by delivering or withholding securities, indicating that 368.0000 shares were used to cover an exercise price or tax obligation rather than being sold in an open-market transaction.