Martin Marietta (NYSE: MLM) GC granted 23,673 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schoen George Frederick reported acquisition or exercise transactions in this Form 4 filing.
Martin Marietta Materials executive George Frederick Schoen, EVP, General Counsel and Corporate Secretary, received a grant of 23,673 restricted stock units of common stock at no cost. The award was made under the company’s Amended and Restated Stock-Based Award Plan and vests in equal installments over eight years, subject to continued employment and other award conditions. Following this grant, he directly holds 23,673 shares/units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schoen George Frederick
Role
EVP, GC and Corp. Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,673 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 23,673 shares (Direct)
Footnotes (1)
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FAQ
What insider equity award did MLM executive George Schoen receive?
George Schoen received a grant of 23,673 restricted stock units of Martin Marietta Materials common stock at no cost. The award was issued under the company’s Amended and Restated Stock-Based Award Plan as part of his executive compensation.
What is the vesting schedule for George Schoen’s MLM restricted stock units?
The 23,673 restricted stock units granted to George Schoen vest pro rata in equal installments over eight years from the grant date. Vesting is conditioned on his continued employment and other terms and conditions specified in the related award agreement.
At what price were George Schoen’s Martin Marietta restricted stock units granted?
The 23,673 restricted stock units were granted to George Schoen at a price of $0.00 per share. This reflects a typical equity compensation award structure, where executives receive stock-based incentives without paying cash at the time of grant.
Under which plan was George Schoen’s MLM restricted stock unit award granted?
George Schoen’s restricted stock unit award was granted under the Martin Marietta Materials, Inc. Amended and Restated Stock-Based Award Plan. This plan governs stock-based compensation, including vesting terms, employment conditions, and other requirements in his award agreement.
What role does George Schoen hold at Martin Marietta Materials (MLM)?
George Schoen serves as Executive Vice President, General Counsel and Corporate Secretary at Martin Marietta Materials. His position makes him an officer of the company, and the reported restricted stock unit grant reflects part of his long-term equity-based compensation.