Flynn Jason Paul 4
4 · MARTIN MARIETTA MATERIALS INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Martin Marietta (MLM) SVP/CIO Jason Flynn Receives Award, Sells Shares
What Happened
Jason Paul Flynn, Senior Vice President and Chief Investment Officer of Martin Marietta Materials (MLM), received 222 shares as the settlement of performance share units (PSUs) and had 107 shares withheld/disposed to cover tax liabilities. The withholding sale of 107 shares was reported at $666.53 per share for a total of $71,319. The 222 awarded shares were recorded with an acquisition price of $0.00 (award).
Key Details
- Transaction date: February 17, 2026. Filing date: February 19, 2026 (no late filing indicated).
- Award (code A): 222 shares acquired @ $0.00 (PSU settlement).
- Tax withholding (code F): 107 shares disposed @ $666.53 = $71,319.
- Footnote: These shares settle PSUs granted Feb 24, 2023; performance period Jan 1, 2023–Dec 31, 2025. Management certified performance and approved settlement on Feb 17, 2026; shares vested on Dec 31, 2025.
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
Context
This was not an open‑market sale for investment purposes but a routine settlement of performance-based equity where a portion of the award was withheld to satisfy tax withholding obligations (common practice). The award itself represents compensation tied to multi-year performance targets; the tax withholding reduces the net shares received rather than signaling a discretionary sell decision.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-17+222→ 4,621 total - Tax Payment
Common Stock
2026-02-17$666.53/sh−107$71,319→ 4,514 total
Footnotes (1)
- [F1]Represents the settlement of performance share units into common stock that were granted under the Martin Marietta Amended and Restated Stock Based Award Plan on February 24, 2023. The ultimate amount of shares to be received under the grant depended on the achievement of performance goals during a three-year performance period from January 1, 2023, through December 31, 2025. On February 17, 2026, Martin Marietta's Management Development and Compensation Committee certified the attainment of the applicable performance goals and approved the settlement of the PSU grant. The shares underlying the PSUs vested on December 31, 2025.