MLM CFO awarded 2,960 restricted shares
Petro Michael J reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Petro Michael J reported acquisition or exercise transactions in this Form 4 filing.
Martin Marietta Materials SVP and CFO Michael J. Petro received an equity award of 2,960 shares of common stock. The shares were granted as a restricted stock unit award at no cash purchase price and increased his directly held common stock to 15,358.6026 shares.
The award was granted under the Martin Marietta Materials, Inc. Amended and Restated Stock-Based Award Plan. It vests in three equal installments on the third, fourth, and fifth anniversaries of the award date, subject to continued employment and other conditions in the award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,960 | $0.00 | $0.00 |
Footnotes (1)
- F1. Restricted stock unit award granted under the Martin Marietta Materials, Inc. Amended and Restated Stock-Based Award Plan, which award vests pro rata in three equal installments on the third, fourth and fifth anniversaries of the award date, subject to continued employment and other terms and conditions specified in the award agreement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MLM executive Michael J. Petro report in this Form 4 filing?
Was the MLM Form 4 transaction an open-market stock purchase or sale?
Under which plan was the MLM restricted stock unit award to Petro granted?
What conditions apply to vesting of Michael J. Petro’s MLM restricted stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.