Pike Thomas 4
Research Summary
AI-generated summary
Martin Marietta (MLM) Director Pike Thomas Receives 47-Share Award
What Happened
- Pike Thomas, a non-employee director of Martin Marietta Materials, received an award/acquisition of 47 shares on 2026-02-27. The reporting price per share was $676.57, for a total value of $31,799. This was recorded as an award/grant (transaction code A), i.e., accrual/settlement of common stock units under the company’s director plan.
Key Details
- Transaction date and price: 2026-02-27 at $676.57 per share (total $31,799).
- Transaction type: A (award/grant/acquisition under the Common Stock Purchase Plan for Directors).
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnote: Units were accrued under the Martin Marietta Common Stock Purchase Plan for Directors and will be settled in stock either in a lump sum or in installments (not to exceed 10 years) following specified election/cessation dates per the plan.
- Filing timeliness: Form filed 2026-03-02 — within the standard SEC filing window (timely).
Context
- This is a routine director compensation accrual under the company’s director stock plan. Such awards compensate non-employee directors and reflect plan-based settlement terms (including potential delayed settlement), and are not direct open-market purchases or sales.