Director at Vulcan Materials (NYSE: VMC) converts 655 RSUs to stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Director Lydia H. Kennard of Vulcan Materials exercised 655 Restricted Stock Units, which were settled into an equal number of shares of Vulcan common stock. These RSUs, including related dividend equivalents, had cliff vested earlier and were delivered in stock within the stated settlement window.
Following this conversion, Kennard now directly holds 2,112 shares of Vulcan common stock. The filing shows no open-market purchases or sales, only the routine settlement of equity awards granted as part of director compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
655 shares exercised/converted
Mixed
2 txns
Insider
KENNARD LYDIA H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 655 | $0.00 | -- |
| Exercise | Common Stock | 655 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 2,112 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock. Represents Restricted Stock Units awarded on the grant date and dividend equivalents accruing since the grant date. Restricted Stock Units cliff vested on the specified date and were settled in shares of Vulcan Common Stock within 75 days after such date.
Key Figures
RSUs exercised: 655 units
Shares after transaction: 2,112 shares
RSUs remaining from this grant: 0 units
+1 more
4 metrics
RSUs exercised
655 units
Restricted Stock Units converted to Vulcan common stock
Shares after transaction
2,112 shares
Vulcan common stock directly held by Lydia H. Kennard
RSUs remaining from this grant
0 units
All 655 Restricted Stock Units from this award were settled
Exercise transactions
1 event, 655 shares
Derivative exercise/conversion activity in transaction summary
Key Terms
Restricted Stock Units, dividend equivalents, cliff vested
3 terms
Restricted Stock Units financial
"Represents Restricted Stock Units awarded on the grant date and dividend equivalents accruing since the grant date."
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.
dividend equivalents financial
"Represents Restricted Stock Units awarded on the grant date and dividend equivalents accruing since the grant date."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
cliff vested financial
"Restricted Stock Units cliff vested on the specified date and were settled in shares of Vulcan Common Stock within 75 days after such date."
FAQ
What did Vulcan Materials (VMC) director Lydia H. Kennard report in this Form 4?
Lydia H. Kennard reported exercising 655 Restricted Stock Units, which were settled into shares of Vulcan Materials common stock. This reflects the vesting and share delivery of prior equity awards, not an open-market stock purchase or sale.
Were there any open-market buys or sells of Vulcan Materials (VMC) stock in this Form 4?
No, the Form 4 shows no open-market buys or sells. It only records the exercise and settlement of 655 Restricted Stock Units into Vulcan common shares as part of previously granted director equity compensation.
What are the key details of the 655 Restricted Stock Units in the Vulcan Materials (VMC) filing?
Each Restricted Stock Unit represents a right to receive one Vulcan common share. The 655 RSUs, including dividend equivalents, cliff vested and were settled in shares of Vulcan common stock within 75 days after the specified vesting date.
Did Lydia H. Kennard retain any Restricted Stock Units in Vulcan Materials (VMC) after this transaction?
After the reported exercise, the Form 4 shows 0 Restricted Stock Units remaining for this award. All 655 units were converted into Vulcan common stock, leaving no derivative position from this specific RSU grant outstanding.