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Research Summary
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Eagle Materials EVP Matt Newby Receives Dividend RSU Awards
What Happened
Matt Newby, EVP & General Counsel of Eagle Materials, received dividend-equivalent restricted stock units (DEUs) reported as awards on April 13, 2026. The filing shows two derivative awards: 0.74 shares and 2.073 shares, reported at $0.00 per share (total 2.813 DEUs). These are awards/adjustments tied to previously granted RSUs, not open-market purchases or sales.
Key Details
- Transaction date: 2026-04-13 (reported on Form 4 filed 2026-04-15).
- Transaction type/code: Award/Grant (A) — derivative DEUs; price reported $0.00.
- Shares recorded: 0.740 DEUs (F1) and 2.073 DEUs (F2) — total 2.813 DEUs.
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnotes: F1 and F2 state these are dividend-equivalent RSUs accrued in connection with cash dividends; the underlying RSU awards were disclosed in Form 4 filings on May 29, 2024 (F1) and May 27, 2025 (F2).
- Filing timeliness: Reported within the Form 4 dated Apr 15, 2026 for a transaction on Apr 13, 2026 (no late filing indicated).
Context
Dividend-equivalent RSUs are adjustments that credit additional restricted stock units based on cash dividends paid on common stock; they are compensation/award-related and do not represent an insider buying or selling stock in the market. The reported $0.00 price reflects that these are award credits (derivative RSUs) rather than cash purchases; market value of the underlying shares is not provided in the filing.