Vulcan director granted 301 phantom stock units
STEINER DAVID P reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
STEINER DAVID P reported acquisition or exercise transactions in this Form 4 filing.
Vulcan Materials Company director David P. Steiner received a grant of 301.428 phantom stock units as deferred compensation. The units were credited on the basis of $273.697 per unit under the Vulcan Materials Company Directors' Deferred Compensation Plan.
These phantom stock units are convertible into an equal number of Vulcan Materials common shares on a 1-for-1 basis and are to be settled in common stock when Steiner retires. Following this award, his phantom stock balance increased to 7,490.403 units, reflecting compensation earned rather than an open-market stock purchase.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (Deferred Compensation) | 301.428 | $273.697 | $82K |
Footnotes (3)
- F1. Convertible on a 1-for-1 basis.
- F2. Director's fees credited to the reporting person's account in accordance with the Vulcan Materials Company Directors' Deferred Compensation Plan.
- F3. The units are to be settled in Vulcan Materials Company common stock commencing at the retirement of the reporting person.
Key Figures
Key Terms
Phantom Stock (Deferred Compensation) financial
Directors' Deferred Compensation Plan financial
Convertible on a 1-for-1 basis financial
settled in Vulcan Materials Company common stock financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Vulcan Materials (VMC) director David P. Steiner report on this Form 4?
Is the Vulcan Materials (VMC) Form 4 transaction an open-market stock purchase or sale?
How are David P. Steiner’s Vulcan Materials phantom stock units settled?
What is David P. Steiner’s phantom stock balance with Vulcan Materials after this grant?
How were the Vulcan Materials (VMC) phantom stock units valued in this Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.