Vulcan Materials (NYSE: VMC) CSO reports RSU vesting, tax share offset
Rhea-AI Filing Summary
Vulcan Materials Company Chief Strategy Officer Stanley G. Bass reported equity award activity involving company stock. On February 21, he exercised 1,980 Restricted Stock Units, converting them into 1,980 shares of common stock at a stated price of $0.00 per share, reflecting settlement of previously granted awards. A related entry shows these RSUs as derivative securities going to zero after conversion. On February 23, 832 shares of common stock were disposed of at $305.29 per share in a tax-withholding disposition to cover exercise price or tax liabilities, not an open-market sale. After these transactions, Bass directly owned 34,932.24 common shares, plus 35.183 shares held in a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 832 | $305.29 | $254K |
| Exercise | Common Stock (Restricted Stock Units) | 1,980 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,980 | $0.00 | $0.00 |
| holding | Common Stock 401(k) | -- | -- | -- |
Footnotes (2)
- F1. Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Vulcan Common Stock.
- F2. 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.
FAQ
What insider transactions did Vulcan Materials (VMC) report for Stanley G. Bass?
Was there an open-market sale of Vulcan Materials (VMC) stock in this Form 4?
How do Restricted Stock Units work for Vulcan Materials (VMC) executives?
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