Vulcan Materials (VMC) director receives 319 phantom stock units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vulcan Materials Company director Kathleen L. Quirk received a grant of 319.697 phantom stock units as deferred director compensation. These units are credited at a reference price of $273.697 per unit and are convertible into common stock on a 1‑for‑1 basis.
After this award, Quirk holds a total of 7,197.414 phantom stock units, which will be settled in Vulcan Materials common stock commencing at her retirement. This is a compensation-related, non‑cash acquisition rather than an open‑market stock purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
QUIRK KATHLEEN L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (Deferred Compensation) | 319.697 | $273.697 | $88K |
Holdings After Transaction:
Phantom Stock (Deferred Compensation) — 7,197.414 shares (Direct, null)
Footnotes (1)
- Convertible on a 1-for-1 basis. Director's fees credited to the reporting person's account in accordance with the Vulcan Materials Company Directors' Deferred Compensation Plan. The units are to be settled in Vulcan Materials Company common stock commencing at the retirement of the reporting person.
Key Figures
Phantom stock units granted: 319.697 units
Reference price per unit: $273.697 per unit
Total phantom units after grant: 7,197.414 units
+1 more
4 metrics
Phantom stock units granted
319.697 units
Director deferred compensation grant on 2026-06-12
Reference price per unit
$273.697 per unit
Valuation of phantom stock award
Total phantom units after grant
7,197.414 units
Director’s aggregate phantom stock holdings post-transaction
Conversion ratio
1-for-1
Each phantom unit convertible into one common share
Key Terms
Phantom Stock (Deferred Compensation), Directors' Deferred Compensation Plan, 1-for-1 basis, settled in Vulcan Materials Company common stock
4 terms
Phantom Stock (Deferred Compensation) financial
"security_title: "Phantom Stock (Deferred Compensation)""
Directors' Deferred Compensation Plan financial
"credited to the reporting person's account in accordance with the Vulcan Materials Company Directors' Deferred Compensation Plan"
1-for-1 basis financial
"Convertible on a 1-for-1 basis."
settled in Vulcan Materials Company common stock financial
"The units are to be settled in Vulcan Materials Company common stock"
FAQ
What did Vulcan Materials (VMC) director Kathleen L. Quirk report on this Form 4?
Director Kathleen L. Quirk reported receiving 319.697 phantom stock units as a compensation grant. These units are tied to director fees and are linked to Vulcan Materials common stock on a 1-for-1 basis, rather than being bought on the open market.
How many Vulcan Materials phantom stock units does Kathleen L. Quirk now hold?
Following this grant, Kathleen L. Quirk holds 7,197.414 phantom stock units. These units represent deferred compensation that will eventually be settled in Vulcan Materials common stock, beginning when she retires from the board, according to the company’s deferred compensation plan.
Is the Vulcan Materials (VMC) Form 4 transaction a stock purchase or a compensation award?
The transaction is a compensation award, not a stock purchase. Quirk received 319.697 phantom stock units credited as director fees under Vulcan Materials’ Directors’ Deferred Compensation Plan, with no open-market buying or selling of common shares involved.
How are the phantom stock units in Vulcan Materials’ plan settled for Kathleen L. Quirk?
The phantom stock units are designed to be settled in Vulcan Materials common stock. Settlement begins at the director’s retirement, at which point the 1-for-1 convertible units are delivered as shares according to the terms of the deferred compensation plan.
What is the reference price for Kathleen L. Quirk’s new phantom stock award at Vulcan Materials?
The 319.697 phantom stock units were credited at a reference price of $273.697 per unit. This price is used for valuing the deferred compensation units but does not represent a market trade executed by Quirk in Vulcan Materials common stock.