MLM (NYSE: MLM) SVP reports tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Martin Marietta Materials senior vice president, controller and chief accounting officer Robert J. Cardin reported two tax-related share dispositions. On February 24, he disposed of 103 common shares at $696.85 per share to satisfy tax withholding obligations. On February 23, he similarly disposed of 209 shares at $683.60 per share for tax withholding. Following these transactions, he directly held 12,459 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cardin Robert J
Role
SVP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 103 | $696.85 | $72K |
| Tax Withholding | Common Stock | 209 | $683.60 | $143K |
Holdings After Transaction:
Common Stock — 12,459 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did MLM’s Robert J. Cardin report?
Robert J. Cardin reported two tax-withholding dispositions of Martin Marietta Materials common stock. He disposed of 103 shares at $696.85 and 209 shares at $683.60 to cover tax obligations, rather than executing open-market sales.
Were Robert J. Cardin’s MLM transactions open-market sales?
No, the Form 4 classifies both transactions with code “F”, indicating tax-withholding dispositions. This means shares were used to pay tax liabilities or exercise costs, not discretionary open-market sales initiated to change his investment position.
On what dates did Robert J. Cardin’s MLM tax-withholding dispositions occur?
Robert J. Cardin’s tax-withholding dispositions occurred on February 23 and February 24. On these dates, he used Martin Marietta common shares, at specified prices, to satisfy tax obligations associated with his equity compensation awards.