Vulcan Materials (NYSE: VMC) VP logs RSU vesting and tax share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Vulcan Materials' Vice President and Controller, Randy L. Pigg, reported RSU vesting and related tax withholding transactions. On February 21, he acquired 420 shares of Common Stock through the exercise/conversion of Restricted Stock Units at a stated price of $0.00 per share. On February 23, 149 Common shares were disposed of at $305.29 per share to satisfy tax obligations by delivering shares. After these transactions, he held 1,577 Common shares directly, and his 401(k) plan held 1,618.232 Common Stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
420 shares exercised/converted
Mixed
4 txns
Insider
Pigg Randy L.
Role
Vice President and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 149 | $305.29 | $45K |
| Exercise | Common Stock (Restricted Stock Units) | 420 | $0.00 | -- |
| Exercise | Common Stock | 420 | $0.00 | -- |
| holding | Common Stock 401(k) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,577 shares (Direct);
Common Stock (Restricted Stock Units) — 0 shares (Direct);
Common Stock 401(k) — 1,618.232 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 did Randy L. Pigg report on this Form 4 for Vulcan Materials (VMC)?
Randy L. Pigg reported RSU vesting and a related tax-withholding share disposition. He converted 420 Restricted Stock Units into Common Stock, then disposed of 149 Common shares at $305.29 per share to cover tax liabilities, updating his direct and 401(k) holdings.
What are Randy L. Pigg’s Vulcan Materials Common Stock holdings after these transactions?
After the reported transactions, he directly held 1,577 Vulcan Materials Common shares. In addition, a 401(k) account held 1,618.232 Common Stock units, reflecting retirement-plan ownership separate from his directly registered share position in the company.
How do the Restricted Stock Units work in this Vulcan Materials (VMC) filing?
Each Restricted Stock Unit represents a contingent right to receive one Vulcan Common share. These RSUs cliff vest on a specified date and are settled in shares of Vulcan Common Stock within 75 days following the applicable vesting date, as described in the footnotes.
Does this Form 4 for Vulcan Materials indicate any open-market buying or selling?
The filing shows RSU conversion and a tax-withholding disposition, not open-market trading. Code “M” reflects derivative exercise into Common Stock, while code “F” indicates shares delivered to pay tax liabilities, consistent with standard equity compensation administration.