MARTIN MARIETTA MATERIALS INC·4

Mar 3, 3:48 PM ET

Nye C Howard 4

Research Summary

AI-generated summary

Updated

Martin Marietta (MLM) CEO Nye C. Howard Receives RSU Award

What Happened
Nye C. Howard, Chairman, President & CEO and a director of Martin Marietta Materials, was granted 5,919 restricted stock units (RSUs) on March 1, 2026. The Form 4 reports the acquisition price as $0.00 (typical for RSU grants), so no cash was exchanged at grant.

Key Details

  • Transaction date: 2026-03-01 — Grant/award of 5,919 RSUs at $0.00 per share (reported on Form 4 filed 2026-03-03).
  • Shares owned after transaction: Not specified in the provided filing.
  • Footnote: Award granted under the company’s Amended and Restated Stock-Based Award Plan; the RSUs cliff vest on the third anniversary of the award date (i.e., vest on or about 2029-03-01), subject to continued employment and other award terms.
  • Timeliness: Form 4 filed March 3, 2026; no late filing flag indicated in the provided data.

Context
An RSU grant is a compensation/retention award, not an open-market purchase or sale. The units convert to shares only if vesting conditions are met (here, a three-year cliff vesting schedule), so this grant does not immediately change market exposure and is principally a long-term retention incentive.