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EAGLE MATERIALS INC·4

Apr 2, 4:13 PM ET

Thompson Tony 4

Research Summary

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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.