Vulcan (NYSE: VMC) SVP reports RSU vesting and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vulcan Materials senior vice president and CHRO Mitesh Bansilal Shah reported equity compensation activity. On February 21, 300 Restricted Stock Units were exercised and converted into 300 shares of common stock at a stated price of $0.00 per share. On February 23, 134 common shares were disposed of at $305.29 per share to satisfy tax withholding obligations, leaving 1,079 directly held common shares after that transaction. Footnotes explain that each RSU represents a right to receive one Vulcan common share and that RSUs vest on a cliff basis and are settled in shares within 75 days after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
300 shares exercised/converted
Mixed
4 txns
Insider
Shah Mitesh Bansilal
Role
SVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 134 | $305.29 | $41K |
| Exercise | Common Stock (Restricted Stock Units) | 300 | $0.00 | -- |
| Exercise | Common Stock | 300 | $0.00 | -- |
| holding | Common Stock 401(k) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,079 shares (Direct);
Common Stock (Restricted Stock Units) — 0 shares (Direct);
Common Stock 401(k) — 52.953 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 Mitesh Bansilal Shah?
Vulcan Materials reported that SVP and CHRO Mitesh Bansilal Shah exercised 300 Restricted Stock Units into 300 common shares and disposed of 134 common shares to cover tax withholding obligations, all held as direct ownership in Vulcan stock.
How do Vulcan Materials Restricted Stock Units work in this Form 4?
Each Restricted Stock Unit represents a contingent right to receive one Vulcan common share. The footnotes state that RSUs vest on a cliff schedule and are settled in shares of Vulcan common stock within 75 days after the applicable vesting date.
What types of securities are covered in this Vulcan Materials Form 4?
The Form 4 covers Vulcan Materials common stock, common stock held in a 401(k) plan, and common stock underlying Restricted Stock Units. It details derivative RSU exercises that convert into common shares and a related non-derivative tax-withholding share disposition.