NICOLAIS MICHAEL R 4

What Happened
Michael R. Nicolais, a director of Eagle Materials (EXP), was credited with 5.033 shares as an award/derivative on April 13, 2026. The Form 4 lists this as an "A" (award/acquisition) of derivative securities at $0.00 (no cash paid). These reflect dividend-equivalent units (DEUs) tied to previously granted RSUs.

Key Details

• Transaction date: 2026-04-13; Form 4 filed 2026-04-15 (appears timely — filed two days after the transaction).
• Reported transaction: 5.033 shares acquired, reported at $0.00 (derivative award; code A).
• Shares owned after transaction: Not specified in this filing.
• Footnote: F1 — These are dividend-equivalent Restricted Stock Units (DEUs) accrued in connection with a cash dividend. The underlying RSU awards were originally disclosed in Form 4s filed on July 28, 2004; August 9, 2005; and July 31, 2006.
• This was not an open-market purchase or sale and generated no cash proceeds.

Context
DEUs are dividend equivalents credited to existing RSU awards and are typically administrative/compensation accruals rather than directional trades. Such awards increase an insider’s deferred/long-term equity holdings but do not necessarily indicate a change in the insider’s view of the company.