Vulcan Materials (NYSE: VMC) CSO reports RSU vesting, tax share offset
Filing Impact
Filing Sentiment
Form Type
4
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
1,980 shares exercised/converted
Mixed
4 txns
Insider
Bass Stanley G
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 832 | $305.29 | $254K |
| Exercise | Common Stock (Restricted Stock Units) | 1,980 | $0.00 | -- |
| Exercise | Common Stock | 1,980 | $0.00 | -- |
| holding | Common Stock 401(k) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,932.24 shares (Direct);
Common Stock (Restricted Stock Units) — 0 shares (Direct);
Common Stock 401(k) — 35.183 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit (RSU) 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.
FAQ
What insider transactions did Vulcan Materials (VMC) report for Stanley G. Bass?
The filing shows Stanley G. Bass exercised 1,980 Restricted Stock Units into common shares and had 832 shares withheld to cover tax or exercise obligations. These transactions relate to equity compensation rather than open-market trading in Vulcan Materials stock.
Was there an open-market sale of Vulcan Materials (VMC) stock in this Form 4?
The Form 4 reports a disposition of 832 shares coded “F,” indicating shares were used to pay the exercise price or tax liability. This is characterized as a tax-withholding disposition rather than a traditional open-market sale initiated for portfolio trading purposes.
How do Restricted Stock Units work for Vulcan Materials (VMC) executives?
Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan common stock. The RSUs cliff vest on a specified date and are settled in shares within 75 days after vesting, providing stock-based compensation tied to continued service and award terms.