Kesler Dale Craig 4

What Happened
Dale Kesler, EVP and Chief Financial Officer of Eagle Materials (EXP), had 921 shares withheld by the issuer on May 18, 2026 to satisfy income tax withholding related to the lapse of restrictions on restricted stock. The shares were valued at $194.66 each, for a total withholding value of $179,282. This was a tax-withholding event (not an open-market sale).

Key Details

• Transaction date: 2026-05-18; filing date: 2026-05-20 (filed within the standard reporting window).
• Withheld shares: 921; price used: $194.66 per share; total value: $179,282.
• Reason: Shares were withheld to cover income tax withholding on 2,339 restricted shares that vested (award originally granted May 23, 2023).
• Ownership impact: The reporting person's direct ownership of Common Stock was reduced by 921 shares to reflect the withholding. The filing does not disclose the resulting total shareholding.
• Transaction code: F (payment of exercise price or tax liability / tax withholding). Footnote clarifies price equals prior trading day's close.

Context
This was a routine tax-withholding/cashless settlement tied to restricted stock vesting, not a discretionary sale of shares on the open market. Such withholdings are common when restricted stock vests and generally reflect tax obligations rather than an insider signaling a view on the stock.