Vulcan Materials (VMC) VP receives new performance share and RSU grants
Rhea-AI Filing Summary
Pigg Randy L. reported acquisition or exercise transactions in this Form 4 filing.
Vulcan Materials Vice President and Controller Randy L. Pigg reported equity awards tied to future company performance and service. He was granted 330 Performance Share Units and 330 Restricted Stock Units, each at a price of $0.0000 per unit, recorded as derivative securities.
The Performance Share Units cover a period from January 1, 2026 through December 31, 2028. Vesting on December 31, 2028, the final payout in Vulcan common stock depends on company performance versus the S&P 500 Index and growth in cash gross profit per ton versus a target. Each Restricted Stock Unit represents a right to receive one Vulcan common share, cliff vests on a specified date, and is settled in shares within 75 days after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 330 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 330 | $0.00 | -- |
Footnotes (1)
- Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2026 and ends on December 31, 2028. At the end of the Performance Period, the Compensation and Human Capital Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in Vulcan Common Stock on a payment date determined by the Compensation and Human Capital Committee. Each Restricted Stock Unit 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.