Vulcan Materials president exercises RSUs, withholds tax
Vulcan Materials president Baker Thompson S. II reported mixed equity transactions.
Rhea-AI Filing Summary
Vulcan Materials president Baker Thompson S. II reported mixed equity transactions. On February 21, he exercised 2,570 Restricted Stock Units (RSUs), converting them into the same number of Vulcan common shares at a stated price of $0.00 per share, increasing his direct common stock holdings to 60,444 shares. Each RSU represented a contingent right to receive one share, and the units vest on a specified date and are settled in shares within 75 days of vesting.
On February 23, he disposed of 951 common shares at $305.29 per share to cover tax obligations through a tax-withholding disposition, leaving 59,493 directly held common shares. He also reports indirect ownership of 1,208 common shares as trustee of the Martha F. Baker Revocable Living Trust and 1,900 common shares held for the benefit of his children, plus 27.644 common stock units in a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 951 | $305.29 | $290K |
| Exercise | Common Stock (Restricted Stock Units) | 2,570 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,570 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Vulcan Materials (VMC) president Baker Thompson report on this Form 4?
What RSU activity did Vulcan Materials president Baker Thompson disclose for VMC?
Was the Form 4 for Vulcan Materials (VMC) an open-market stock sale by the president?
What indirect Vulcan Materials (VMC) holdings does Baker Thompson report?
How are Vulcan Materials RSUs described in Baker Thompson’s Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.