Fleming Ned N III 4

What Happened Ned N. Fleming III, reported as a 10% owner of Suncrete, Inc. (RMIX), was granted 144,000 restricted shares of Class B Common Stock (derivative award) on April 20, 2026. The grant was reported on Form 4 filed April 22, 2026. The award was reported at $0.00 per share (a restricted/derivative grant, not a cash purchase or sale). Under the award agreement Fleming has sole voting power with respect to these shares.

Key Details

• Transaction type: Grant / award (Form 4 code A) — 144,000 restricted Class B shares.
• Reported price/value: $0.00 per share (derivative award), total reported value $0.
• Vesting schedule (per filing): 96,000 shares vest on April 20, 2028; 48,000 shares vest on April 20, 2029, subject to continued service.
• Voting/power: Fleming has sole voting power for the awarded shares. Class B shares carry 10 votes per share vs. 1 vote for Class A.
• Holdings after transaction: The filing does not state a total “shares owned following” figure for Fleming in this summary.
• Filing timeliness: Transaction dated 2026-04-20; Form 4 filed 2026-04-22 — reported within the typical two-business-day window.

Context

• These are Class B shares, convertible into Class A shares (generally one-for-one) under the company charter; Class B shares grant enhanced voting power (10 votes each).
• The shares are held through related entities (Dothan Independent GP, Dothan Concrete Investors, etc.) and the filing includes standard disclaimers about beneficial ownership — Fleming disclaims beneficial ownership except to the extent of his pecuniary interest.
• This is an award/compensation grant to a 10% owner rather than an open-market purchase or sale; such grants reflect compensation/ownership arrangements and are not direct market purchases that signal immediate buying pressure.