Vulcan Materials (VMC) director receives 301 phantom stock units as deferred pay
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
STEINER DAVID P
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock (Deferred Compensation) | 301.428 | $273.697 | $82K |
Holdings After Transaction:
Phantom Stock (Deferred Compensation) — 7,490.403 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: 301.428 units
Reference value per unit: $273.697 per unit
Phantom units after grant: 7,490.403 units
+2 more
5 metrics
Phantom stock units granted
301.428 units
Director deferred compensation grant on 2026-06-12
Reference value per unit
$273.697 per unit
Crediting value for phantom stock units
Phantom units after grant
7,490.403 units
Total phantom stock balance following transaction
Conversion ratio
1-for-1
Each phantom unit convertible into one common share
Exercise price
$0.0000
Phantom stock conversion/exercise price
Key Terms
Phantom Stock (Deferred Compensation), Directors' Deferred Compensation Plan, Convertible on a 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 in accordance with the Vulcan Materials Company Directors' Deferred Compensation Plan"
Convertible on a 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 David P. Steiner report on this Form 4?
David P. Steiner reported receiving 301.428 phantom stock units as a compensation award. These units were credited at $273.697 per unit under Vulcan Materials Company’s Directors' Deferred Compensation Plan and increase his deferred equity-linked compensation balance.
Is the Vulcan Materials (VMC) Form 4 transaction an open-market stock purchase or sale?
The transaction is not an open-market trade; it is a grant of phantom stock units. Steiner received 301.428 units as deferred director fees, rather than buying or selling Vulcan Materials common stock on the market.
How are David P. Steiner’s Vulcan Materials phantom stock units settled?
The phantom stock units are convertible into Vulcan Materials common stock on a 1-for-1 basis. According to the disclosure, they will be settled in common shares commencing at Steiner’s retirement from Vulcan Materials Company.
What is David P. Steiner’s phantom stock balance with Vulcan Materials after this grant?
After the award of 301.428 phantom stock units, Steiner holds 7,490.403 phantom units. Each unit represents the right to receive one share of Vulcan Materials common stock, to be delivered starting at his retirement.
How were the Vulcan Materials (VMC) phantom stock units valued in this Form 4 filing?
The phantom stock units were credited at a reference value of $273.697 per unit. This value is used for accounting director’s deferred compensation under Vulcan Materials Company’s Directors' Deferred Compensation Plan.