Vulcan Materials (VMC) SVP granted PSUs, RSUs and SARs in Form 4
Rhea-AI Filing Summary
Shah Mitesh Bansilal reported acquisition or exercise transactions in this Form 4 filing.
Vulcan Materials senior vice president and chief human resources officer Mitesh Bansilal Shah received new equity-based awards. He was granted 1,760 Performance Share Units, 590 Restricted Stock Units, and 1,440 Stock Appreciation Rights, all at a stated price of $0.00 per unit.
The Performance Share Units cover a performance period from January 1, 2026 through December 31, 2028, with payout in Vulcan common stock based on company results versus the S&P 500 Index and cash gross profit per ton growth versus a preset target. Each Restricted Stock Unit represents the right to receive one Vulcan share, cliff-vesting on a specified date and settling in stock within 75 days after vesting. The Stock Appreciation Rights vest in three equal annual installments beginning on the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 1,760 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 590 | $0.00 | -- |
| Grant/Award | Stock Appreciation Right | 1,440 | $0.00 | -- |
Footnotes (1)
- 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 Vulcan Common Stock on a payment date determined by the Compensation and Human Capital Committee. Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock. 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. Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.