Vulcan Materials (VMC) director awarded deferred phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FANNING THOMAS A reported acquisition or exercise transactions in this Form 4 filing.
Vulcan Materials director Thomas A. Fanning reported a compensation-related grant of phantom stock units under the company’s Directors' Deferred Compensation Plan. He received 301.428 phantom stock units on June 12, 2026 at a reference value of $273.697 per unit, increasing his phantom stock balance to 9,921.237 units.
Each unit is convertible into one share of Vulcan Materials common stock and is scheduled to be settled in common shares when he retires. This filing reflects deferred director fees rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
FANNING THOMAS A
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) — 9,921.237 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 phantom unit: $273.697 per unit
Total phantom units after grant: 9,921.237 units
+2 more
5 metrics
Phantom stock units granted
301.428 units
Director deferred compensation grant on June 12, 2026
Reference value per phantom unit
$273.697 per unit
Value used for June 12, 2026 crediting
Total phantom units after grant
9,921.237 units
Balance following June 12, 2026 transaction
Conversion ratio
1 unit : 1 share
Each phantom unit convertible into one common share
Exercise/Conversion price
$0.0000
Phantom stock convertible on a 1-for-1 basis
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
"Phantom Stock (Deferred Compensation)"
Directors' Deferred Compensation Plan financial
"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 Thomas Fanning report on this Form 4?
Thomas A. Fanning reported receiving a grant of phantom stock units as director compensation. The award represents deferred fees credited under Vulcan Materials’ Directors' Deferred Compensation Plan rather than an open-market trade in the company’s common stock.
How many phantom stock units did Thomas Fanning receive from Vulcan Materials (VMC)?
He received 301.428 phantom stock units credited on June 12, 2026. These units are part of his deferred compensation and track Vulcan Materials’ common stock value until conversion and settlement in shares at retirement under the plan.
What is the value reference per phantom stock unit in Thomas Fanning’s Vulcan Materials grant?
The phantom stock units were credited at a reference value of $273.697 per unit. This figure ties the deferred compensation to Vulcan Materials’ stock price for accounting, but the units will ultimately be settled in common shares on a one-for-one basis.
How many phantom stock units does Thomas Fanning hold after this Vulcan Materials transaction?
After this grant, Thomas Fanning holds a total of 9,921.237 phantom stock units. These units are linked one-for-one to Vulcan Materials common shares and will be settled in stock when he retires, according to the plan terms.
Is Thomas Fanning’s Vulcan Materials Form 4 a stock purchase or sale?
The Form 4 reflects a grant of phantom stock units, not a market purchase or sale. The units represent deferred director fees credited under a compensation plan and will be settled in Vulcan Materials common stock at retirement, based on a 1-for-1 conversion.
When will Thomas Fanning’s Vulcan Materials phantom stock units be settled?
The phantom stock units are scheduled to be settled in Vulcan Materials common stock at his retirement. Until then, they remain as deferred compensation units that mirror the value of the company’s common shares on a one-for-one basis.