MLM (MLM) SVP and CAO granted 658-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cardin Robert J reported acquisition or exercise transactions in this Form 4 filing.
Martin Marietta Materials senior vice president, controller and chief accounting officer Robert J. Cardin received an equity award of 658 shares of common stock in the form of restricted stock units. The award was granted at no cash cost to him and will vest in equal installments over three years from the grant date, encouraging longer-term alignment with the company’s performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cardin Robert J
Role
SVP, Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 658 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,771 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MLM executive Robert J. Cardin report on this Form 4?
Robert J. Cardin reported receiving an equity award of 658 shares of Martin Marietta Materials common stock. The award is structured as restricted stock units and was granted without a cash purchase, reflecting stock-based executive compensation rather than an open-market transaction.
Was the Martin Marietta (MLM) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, not a purchase, of 658 shares to Robert J. Cardin. It is classified as a grant, award, or other acquisition, meaning the shares were awarded as compensation instead of being bought in the market.
How does the restricted stock unit award for MLM’s Robert J. Cardin vest over time?
The restricted stock unit award granted to Robert J. Cardin vests pro rata in equal installments over three years from the grant date. This structure spreads the delivery of shares over multiple years, tying the value he receives to continued service with Martin Marietta Materials.