Haack Michael 4

What Happened
Michael Haack, President, CEO and a director of Eagle Materials (EXP), had 3,399 shares withheld by the issuer on May 18, 2026 to satisfy income tax withholding related to the lapse of restrictions on restricted stock. The withholding is reported as a disposition at $194.66 per share, totaling approximately $661,649. This was an administrative tax-withholding action, not an open-market sale.

Key Details

• Transaction date and price: 2026-05-18, 3,399 shares withheld at $194.66 per share (total ≈ $661,649).
• Reason: Tax withholding related to the lapse of restrictions on 8,636 restricted shares awarded May 23, 2023.
• Footnotes: Price equals the prior trading day's closing share price (issuer plan rule). The reporting person's direct ownership was reduced by 3,399 shares to reflect the withholding.
• Shares owned after transaction: the filing notes the reporting person’s direct ownership was reduced by 3,399 shares; the exact post-transaction total is not stated in this summary.
• Filing timeliness: Reported on May 20, 2026 for a May 18, 2026 event (timely under Form 4 rules).

Context
Withholding shares to cover taxes on vested restricted stock is a common administrative action and does not necessarily indicate a change in the insider’s view of the company. This is effectively a non‑market disposition to satisfy tax obligations rather than a discretionary sale.