Cribbs Eric 4

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.