Vulcan Materials (VMC) SVP Stephen Render reports stock, RSUs, PSUs and SARs
Rhea-AI Filing Summary
Vulcan Materials CO executive Stephen J. Render, an SVP, reported his initial ownership of Vulcan equity and equity-based awards. He directly holds 8,453 shares of common stock, plus 2,893.5 shares in a 401(k) plan, and indirectly 1,768 shares as trustee of a revocable trust.
He also holds performance share units tied to Vulcan common stock, with underlying amounts of 760, 780, and 680 shares, each vesting after multi‑year performance periods based on company results versus the S&P 500 and growth in Cash Gross Profit per ton. Restricted stock units cover 250, 260, 230, and 85 shares, which cliff vest on specified dates and settle in stock. In addition, stock appreciation rights over 560, 620, 720, and 720 shares have exercise prices between $180.52 and $302.85 and expire between 2033 and 2036.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Render Stephen J
Role
SVP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Share Units F1 | -- | -- | -- |
| holding | Performance Share Units F2 | -- | -- | -- |
| holding | Performance Share Units F3 | -- | -- | -- |
| holding | Restricted Stock Units F4, F5 | -- | -- | -- |
| holding | Restricted Stock Units F4, F5 | -- | -- | -- |
| holding | Restricted Stock Units F4, F5 | -- | -- | -- |
| holding | Restricted Stock Units F4, F5 | -- | -- | -- |
| holding | Stock Appreciation Right F6 | -- | -- | -- |
| holding | Stock Appreciation Right F6 | -- | -- | -- |
| holding | Stock Appreciation Right F6 | -- | -- | -- |
| holding | Stock Appreciation Right F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock (401(k)) | -- | -- | -- |
Holdings After Transaction:
Performance Share Units — 2,220 shares (Direct);
Restricted Stock Units — 825 shares (Direct);
Stock Appreciation Right — 2,620 shares (Direct);
Common Stock — 8,453 shares (Direct);
Common Stock — 1,768 shares (Indirect, As Trustee of The Stephen J Render and Nancy E Render Revocable Trust);
Common Stock (401(k)) — 2,893.5 shares (Direct)
Footnotes (6)
- F1. Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2024 and ends on December 31, 2026. At the end of the Performance Period, the Compensation & Human Capital Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in stock on a payment date determined by the Compensation & Human Capital Committee.
- F2. Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2025 and ends on December 31, 2027. At the end of the Performance Period, the Compensation & Human Capital Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in stock on a payment date determined by the Compensation & Human Capital Committee.
- F3. Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2026 and ends on December 31, 2028. At the end of the Performance Period, the Compensation and Human Capital Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in company stock on a payment date determined by the Compensation and Human Capital Committee.
- F4. Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
- F5. Restricted Stock Units cliff vest on the specified date and are settled in shares of Vulcan Common Stock within 75 days after the applicable vesting date.
- F6. Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.
Key Figures
Direct common stock holdings: 8,453 shares
Indirect trust holdings: 1,768 shares
401(k) plan holdings: 2,893.5 shares
+4 more
7 metrics
Direct common stock holdings
8,453 shares
Directly held Vulcan Materials common stock as reported by SVP Stephen J. Render
Indirect trust holdings
1,768 shares
Common stock held indirectly as trustee of a revocable trust
401(k) plan holdings
2,893.5 shares
Common Stock (401(k)) position reported as directly owned
Performance share units 2024–2026
760 shares
Underlying Vulcan common shares for PSUs with performance period 2024–2026
Restricted stock units tranche
260 shares
One RSU award representing 260 underlying shares of Vulcan common stock
Stock appreciation right strike
$302.85
Exercise price for SAR over 560 underlying shares expiring 2036-02-19
Lowest SAR exercise price
$180.52
Exercise price for SAR over 720 underlying shares expiring 2033-02-21
Key Terms
Performance Share Units, Restricted Stock Units, Stock Appreciation Right, cliff vest, +1 more
5 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Stock Appreciation Right financial
"Stock Appreciation Right vests in three (3) equal annual installments beginning on this date."
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
cliff vest financial
"Restricted Stock Units cliff vest on the specified date and are settled in shares"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
Cash Gross Profit per ton financial
"annual average growth rate of Cash Gross Profit per ton versus a pre-determined target."
Cash gross profit per ton measures how much cash a company earns from selling one ton of a product after paying the direct, cash operating costs to produce and deliver that ton (like raw materials, labor, processing and freight), but before accounting for non‑cash charges such as depreciation. Investors use it like a per‑unit profit thermometer: it shows how changes in selling price or production costs affect cash profit and short‑term financial health, similar to knowing the net cash you get each time you sell one item.
FAQ
What does the Form 3 for Vulcan Materials (VMC) report for Stephen J. Render?
The Form 3 reports initial ownership by SVP Stephen J. Render, including direct, indirect, and 401(k) holdings of Vulcan Materials common stock, plus multiple performance share units, restricted stock units, and stock appreciation rights tied to Vulcan shares.
What restricted stock units does Stephen J. Render hold at Vulcan Materials (VMC)?
He holds restricted stock units over 250, 260, 230, and 85 shares of Vulcan common stock. Each unit represents a contingent right to one share, cliff vesting on specified future dates and settling in shares within 75 days after vesting.
What are the key terms of Stephen J. Render’s stock appreciation rights in VMC?
His stock appreciation rights cover 560, 620, 720, and 720 underlying shares, with exercise prices of $302.85, $258.59, $253.43, and $180.52. They vest in three equal annual installments and expire between 2033 and 2036.
AI-generated analysis. How Rhea-AI works. Not financial advice.
