Petro Michael J 4
Research Summary
AI-generated summary
Martin Marietta (MLM) CFO Michael J. Petro Receives Award
What Happened
- Michael J. Petro, Senior Vice President and Chief Financial Officer of Martin Marietta Materials, was granted 931 restricted stock units (RSUs) on February 20, 2026. The Form 4 reports the acquisition as 931 shares at $0.00 (award/grant), i.e., no cash purchase; reported value at grant is recorded as $0 on the form.
Key Details
- Transaction date: 2026-02-20; Grant/Award code: A.
- Amount: 931 RSUs; reported acquisition price: $0.00 (award).
- Filing date: 2026-02-24 — filed 4 days after the transaction (later than the usual 2-business-day Form 4 deadline).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnote: RSUs granted under the company’s Amended and Restated Stock-Based Award Plan; vest pro rata in equal installments over three years from the grant date.
Context
- This was a compensation award (RSUs), not an open-market buy or sale. RSUs typically convert to shares as they vest and do not reflect an immediate cash investment or sale decision by the insider.
- Such grants are routine for executives and primarily indicate compensation alignment with long-term shareholder value rather than a direct bullish or bearish trading signal.