Thompson Tony 4
4 · EAGLE MATERIALS INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Eagle Materials (EXP) SVP Tony Thompson Converts RSUs, Sells 617 Shares
What Happened
Tony Thompson, Senior Vice President of Eagle Materials (EXP), had restricted stock units (RSUs) vest on March 31, 2026 and converted/exercised derivative awards that resulted in 317 shares acquired at $181.50 per share (value ~$57,536). To satisfy tax withholding and/or exercise-price obligations, 487 shares were withheld by the issuer (disposed) at $181.50 for $88,391 and an additional 130 shares were withheld/disposed at $181.50 for $23,595. The filing also reports a conversion/disposition line of 317 derivative shares at $0.00, consistent with vested RSUs converting to shares.
Key Details
- Transaction date: March 31, 2026; Form 4 filed April 2, 2026.
- Prices used: $181.50 per share (closing price on prior trading day per footnote).
- Share movements and values:
- 317 shares acquired via exercise/conversion — $57,536 (reported as code M).
- 487 shares withheld/disposed to satisfy income tax withholding — $88,391 (code F).
- 130 shares withheld/disposed for payment of exercise price/tax liability — $23,595 (code F).
- 317 derivative shares also reported disposed at $0.00 (reflects RSU conversion to shares).
- Ownership impact: The reporting person’s direct ownership was reduced by 487 shares to reflect the tax withholding (see footnote F2).
- Footnotes of note:
- F1: $181.50 equals prior trading day's close.
- F2–F4: Transactions relate to vesting/lapsing of restricted stock/RSUs (945 RSUs granted 5/24/24 vesting ratably in three installments; each RSU = one share).
- Filing appears routine (vesting and tax withholding); no late-filing flag indicated on the information provided.
Context
This filing primarily documents RSU vesting and issuer withholding of shares to cover tax and exercise obligations (a cashless withholding/sale). Such transactions are common when equity awards vest and generally reflect tax mechanics rather than a market-direction bet by the insider. Purchases or outright open-market buys are more indicative of a bullish insider signal; this filing is mostly vesting/withholding activity.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-03-31$181.50/sh−487$88,391→ 12,324 total - Exercise/Conversion
Common Stock
[F1]2026-03-31$181.50/sh+317$57,536→ 12,641 total - Tax Payment
Common Stock
[F1]2026-03-31$181.50/sh−130$23,595→ 12,511 total - Exercise/Conversion
Restricted Stock Units
[F3][F4]2026-03-31−317→ 316.861 total→ Common Stock (317 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]487 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 450 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); and (b) 735 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 487 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 945 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.