Haack Michael 4
4 · EAGLE MATERIALS INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Eagle Materials (EXP) CEO Michael Haack Receives 3,981 Shares
What Happened
- Michael Haack, President & CEO and a Director of Eagle Materials (EXP), had restricted stock units vest on March 31, 2026. The filing shows conversion/exercise of 3,981 derivative awards into 3,981 shares (reported value using prior close $181.50 = $722,552).
- To satisfy tax withholding obligations tied to vesting/lapsing restrictions, the issuer disposed/withheld shares: 4,781 shares (valued at $867,752) and an additional 1,567 shares (valued at $284,411). Combined, 6,348 shares were withheld (approx. $1,152,163).
Key Details
- Transaction date: March 31, 2026; filing date: April 2, 2026 (filed timely).
- Prices used: $181.50 per share (closing price on prior trading day, per footnote).
- Acquired: 3,981 shares via exercise/conversion of RSUs (derivative code M).
- Withheld/Disposed for taxes: 4,781 shares and 1,567 shares (code F) at $181.50 each.
- Footnotes:
- F1: $181.50 is prior trading day close.
- F2: 4,781 shares were withheld by the issuer to satisfy income tax withholding related to lapsing restrictions on earlier awards; the filing notes the reporting person’s direct ownership was reduced by 4,781 shares to reflect this withholding.
- F3/F4: Each RSU equals one share; the award (11,857 RSUs granted 5/24/24) vests ratably, including a tranche that vested on 3/31/26.
- Shares owned after transaction: the filing states the reporting person's direct ownership was reduced by 4,781 shares to reflect withholding; a total post-transaction share count is not provided in the Form 4.
Context
- This was a vesting/settlement of restricted stock units (RSUs), not an open-market sale or purchase. The RSUs converted to shares and the company withheld a portion to cover tax obligations — a routine administrative step that does not itself signal a buy/sell decision by the insider.
- Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld/disposed to satisfy tax withholding.
Insider Transaction Report
Form 4
Haack Michael
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-03-31$181.50/sh−4,781$867,752→ 78,165 total - Exercise/Conversion
Common Stock
[F1]2026-03-31$181.50/sh+3,981$722,552→ 82,146 total - Tax Payment
Common Stock
[F1]2026-03-31$181.50/sh−1,567$284,411→ 80,579 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-31−3,981→ 3,980.564 total→ Common Stock (3,981 underlying)
Footnotes (4)
- [F1]In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share of Common Stock on the previous trading day.
- [F2]4,781 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 4,797 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); and (b) 7,353 shares of restricted stock awarded to the reporting person on 5/19/22 (Form 4s filed 5/23/22 and 5/10/23). Because the reporting person's restricted holdings have been included in the direct ownership of Common Stock disclosed by the reporting person, the reporting person's direct ownership of Common Stock has been reduced by 4,781 shares to reflect this tax withholding.
- [F3]Each restricted stock unit represents a contingent right to receive one share of EXP common stock.
- [F4]On May 24, 2024, the reporting person was granted 11,857 restricted stock units, vesting ratably in three installments on the first anniverary of the date of award; on March 31, 2026; and on March 31, 2027. Upon vesting, any related dividend-equivalent RSUs are also vested at that time.
Signature
/s/ Scott M. Wilson as Attorney-in-Fact for Michael R. Haack|2026-04-02