Vulcan Materials President exercises 6,500 and 7,400 SARs

Vulcan Materials (VMC) reported insider transactions by its President on a Form 4.

Rhea-AI Filing Summary

Vulcan Materials (VMC) reported insider transactions by its President on a Form 4. On 11/11/2025, the officer exercised stock appreciation rights, acquiring 6,500 shares at an exercise price of $113.16 and 7,400 shares at $133.95 (Transaction Code M). To cover obligations, the filing shows share dispositions via withholding: 4,082 shares at $292.84 and 4,965 shares at $292.84 (Code F).

On 11/12/2025, open-market sales (Code S) were reported: 2,053 shares at $296.50 and 2,800 shares at $295.00. Following these transactions, direct holdings were 41,485 shares. Indirect holdings include 1,208 shares as trustee of the Martha F. Baker Revocable Living Trust, 7,135 shares as trustee of the Thompson S. Baker II Revocable Trust, and 1,900 shares held for the benefit of children.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 11 txns

Insider BAKER THOMPSON S II

Role President

Sold 4,853 shs ($1.43M)

Approx. gross sale proceeds $1.43M

Approx. exercise cost $1.73M

Type	Security	Shares	Price	Value
Sale	Common Stock	2,053	$296.50	$609K
Sale	Common Stock	2,800	$295.00	$826K
Exercise	Stock Appreciation Right	6,500	$0.00	$0.00
Exercise	Stock Appreciation Right	7,400	$0.00	$0.00
Exercise	Common Stock	6,500	$113.16	$736K
Exercise Price or Tax Liability	Common Stock	4,082	$292.84	$1.20M
Exercise	Common Stock	7,400	$133.95	$991K
Exercise Price or Tax Liability	Common Stock	4,965	$292.84	$1.45M
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Appreciation Right — 0 contracts (Direct); Common Stock — 41,485 shares (Direct); Common Stock — 1,208 shares (Indirect, As Trustee of Martha F. Baker Revocable Living Trusts); Common Stock — 7,135 shares (Indirect, As Trustee of Thompson S. Baker II Revocable Trust); Common Stock — 1,900 shares (Indirect, Shares held for the benefit of children)

Footnotes (1)

1. F1. Stock-Only Stock Appreciation Rights vested in equal annual installments beginning on this date.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did VMC’s Form 4 report for the President?

Exercises of stock appreciation rights, share withholding, and open‑market sales on 11/11/2025 and 11/12/2025 with updated holdings.

How many SARs were exercised and at what prices?

The officer exercised 6,500 shares at $113.16 and 7,400 shares at $133.95 (Code M).

What sales were disclosed for VMC on 11/12/2025?

Sales of 2,053 shares at $296.50 and 2,800 shares at $295.00 (Code S).

How many shares were withheld to cover obligations?

Dispositions of 4,082 shares at $292.84 and 4,965 shares at $292.84 (Code F).

What are the President’s direct holdings after the transactions?

Direct ownership was 41,485 shares after the reported transactions.

What indirect holdings were reported?

Indirect: 1,208 shares (trustee of Martha F. Baker RLT), 7,135 shares (trustee of Thompson S. Baker II RLT), and 1,900 shares (for the benefit of children).

What do the Form 4 transaction codes mean for VMC?

M = option/SAR exercise; F = shares withheld; S = open‑market sale.

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Accepted by SEC EDGAR 11/13/2025 - 05:03 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

BAKER THOMPSON S II

(Last) (First) (Middle)

1200 URBAN CENTER DRIVE

(Street)

BIRMINGHAM AL 35242

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Vulcan Materials CO [ VMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/11/2025		M		6,500	A	$113.16	47,985	D
Common Stock	11/11/2025		F		4,082	D	$292.84	43,903	D
Common Stock	11/11/2025		M		7,400	A	$133.95	51,303	D
Common Stock	11/11/2025		F		4,965	D	$292.84	46,338	D
Common Stock	11/12/2025		S		2,053	D	$296.5	44,285	D
Common Stock	11/12/2025		S		2,800	D	$295	41,485	D
Common Stock								1,208	I	As Trustee of Martha F. Baker Revocable Living Trusts
Common Stock								7,135	I	As Trustee of Thompson S. Baker II Revocable Trust
Common Stock								1,900	I	Shares held for the benefit of children

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$113.16	11/11/2025		M			6,500	02/19/2020(1)	02/19/2029	Common Stock	6,500	$0.00	0.00	D
Stock Appreciation Right	$133.95	11/11/2025		M			7,400	02/21/2021(1)	02/21/2030	Common Stock	7,400	$0.00	0.00	D

Explanation of Responses:

1. Stock-Only Stock Appreciation Rights vested in equal annual installments beginning on this date.

Remarks:

	/s/ Jennifer L. Commander, Attorney-In-Fact	11/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.