Cribbs Eric 4

What Happened

• Eric Cribbs, President of American Gypsum (a unit of Eagle Materials, ticker EXP), was credited with 900 restricted shares as an earned award on May 11, 2026. The Form 4 reports the acquisition as an award (code A) at $0.00 per share (total reported $0), reflecting that the shares were earned rather than purchased.

Key Details

• Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (filed within the standard two-business-day window).
• Transaction type: Award/grant (restricted stock that became earned based on performance).
• Shares involved: 900 restricted shares; reported acquisition price $0.00 (total $0 on the Form 4).
• Vesting/conditions: Originally granted May 23, 2023, subject to performance vesting tied to the company’s average three-year return on equity measured at the end of fiscal 2026. Performance criteria were met on May 11, 2026; the restrictions on the earned shares will lapse on May 18, 2026.
• Shares owned after transaction: Not stated in the filing.

Context

• This was an earned restricted stock award (not a market purchase or sale). Such awards reflect compensation tied to performance goals rather than an insider buying shares with personal funds. The Form 4 shows the award became reportable when performance criteria were certified; restrictions remain until May 18, 2026.