Cribbs Eric 4
4 · EAGLE MATERIALS INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Eagle Materials (EXP) President Eric Cribbs Receives Vested Shares
What Happened
Eric Cribbs, President of American Gypsum (a division of Eagle Materials, ticker EXP), had restricted stock awards vest on March 31, 2026. The filing shows conversion/exercise activity for 459 shares valued at $181.50 each (total ~$83,309). To satisfy income tax withholding related to vesting, the issuer withheld 598 shares and 186 shares (total 784 shares), valued at $181.50 per share (total withheld value ~$142,296). These entries reflect vesting and tax-withholding rather than an open-market sale.
Key Details
- Transaction date: 2026-03-31. Price used for valuation: $181.50 per share (closing price prior trading day).
- Shares acquired/converted: 459 shares (recorded as exercise/conversion of derivative) — valued at ~$83,309.
- Shares withheld for taxes: 598 shares ($108,537) and 186 shares ($33,759) — total 784 shares withheld (~$142,296).
- Footnotes: withholding related to lapsing of restrictions on prior restricted stock awards (awards dated 5/23/23 and 5/19/22); each RSU equals one share; the reporting person had been granted 1,364 RSUs on 5/24/24 that vest ratably (one tranche vested on 3/31/26). The $181.50 figure is the prior trading day's closing price.
- Filing timeliness: Form filed 2026-04-02 for transactions on 2026-03-31; no late filing indicated in the report.
- Shares owned after transaction: not specified in the provided filing excerpt; the filing notes the reporting person's direct ownership was reduced by 598 shares to reflect withholding.
Context
This filing documents routine vesting and issuer tax-withholding (transaction codes M for conversion/exercise and F for tax withholding). Withheld shares to cover tax obligations are common when restricted stock or RSUs vest and do not necessarily indicate the insider is selling shares as a market-timing signal.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-31$181.50/sh−598$108,537→ 11,938 total - Exercise/Conversion
Common Stock
[F1]2026-03-31$181.50/sh+459$83,309→ 12,397 total - Tax Payment
Common Stock
[F1]2026-03-31$181.50/sh−186$33,759→ 12,211 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-31−459→ 456.461 total→ Common Stock (459 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]598 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 500 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); and (b) 980 shares of restricted stock awarded to the reporting person on 5/19/22 (Form 3 filed 8/15/22 and Form 4 filed 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 598 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 1,364 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.