Newby Matt 4

What Happened

• Matt Newby, EVP & General Counsel of Eagle Materials (EXP), had restricted stock units vest on March 31, 2026. The vesting resulted in the acquisition of 600 shares at a reported per-share price of $181.50 (600 × $181.50 = $108,900).
• To cover income tax withholding tied to vesting and prior restricted awards, the issuer withheld shares: 907 shares and 239 shares were disposed (withheld) at $181.50, totaling $164,621 and $43,379 respectively (combined ≈ $208,000). The filing also shows a derivative conversion/settlement entry for 600 shares (reported as a derivative disposition at $0.00), consistent with RSU conversion.

Key Details

• Transaction date: March 31, 2026. Reported per-share price: $181.50 (footnote: prior trading day close).
• Acquired: 600 shares via RSU vesting (value reported $108,900). Withheld/disposed for taxes: 907 shares ($164,621) and 239 shares ($43,379).
• Footnotes: F2 explains 907 shares were withheld to satisfy income tax withholding related to lapsing of restrictions on prior awards; F3 notes each RSU equals one share; F4 describes the original RSU grant (May 24, 2024) that vests in three installments including March 31, 2026.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion here); F = payment of exercise price or tax liability (share withholding).
• Shares owned after transaction: the excerpt does not list the total post-transaction beneficial ownership; footnote F2 states the reporting person’s direct ownership was reduced by 907 shares to reflect withholding.

Context

• This appears to be a routine RSU vesting with shares withheld to satisfy tax obligations (a common, non-judgmental liquidity action). The filing does not indicate an open-market sale by the insider beyond the issuer’s withholding. No late-filing flag is shown in the provided excerpt.