Cribbs Eric 4
4 · EAGLE MATERIALS INC · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Eagle Materials (EXP) President Eric Cribbs Exercises Derivatives, Receives RSUs
What Happened
Eric Cribbs, President of American Gypsum (a business of Eagle Materials, ticker EXP), converted/exercised derivative awards and received a new restricted stock unit (RSU) grant. On 2026-05-22 he converted 589 derivative units into 589 shares valued at $199.13 each (≈ $117,288). To satisfy tax withholding, 232 shares were surrendered (valued at $199.13 each, ≈ $46,198). Separately, on 2026-05-21 he was granted 2,009 RSUs (recorded as a derivative award).
Key Details
- Transaction dates: RSU grant 2026-05-21; conversion/exercise and tax withholding 2026-05-22. Filing date: 2026-05-26 (timely).
- Exercise/conversion: 589 shares acquired at $199.13 per share = $117,288 (value shown uses prior trading day's close per filing).
- Tax withholding: 232 shares withheld/disposed to cover taxes, valued at $199.13 each ≈ $46,198.
- Grant: 2,009 restricted stock units (RSUs); each RSU represents a contingent right to one share. Grant recorded at $0 in the filing (typical for RSU awards).
- Vesting: RSUs vest ratably in three installments (first anniversary of award, then March 31, 2028, and March 31, 2029). A prior RSU grant (1,756 units on 5/22/2025) has a similar ratable vesting schedule.
- Shares owned after the transactions are not specified in the provided summary of the filing.
- Filing timeliness: The Form 4 was filed 2026-05-26 and appears to be within the required 2 business days (accounting for the Memorial Day holiday).
Context
- This was a conversion/exercise of derivative awards and an RSU grant, not an open-market buy or sale for investment purposes. The withholding of 232 shares to cover taxes is a routine administrative step (common with option exercises or RSU vesting), not an independent sale signal.
- RSU grants convey future share rights subject to vesting; they do not reflect immediate share purchases by the insider.
- No 10% owner or 10b5-1 plan was indicated in the provided data.
If you want, I can extract the filing text or pull the full Form 4 so we can confirm the insider's post-transaction beneficial ownership and any additional notes.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-22$199.13/sh+589$117,288→ 13,345 total - Tax Payment
Common Stock
[F1]2026-05-22$199.13/sh−232$46,198→ 13,113 total - Award
Restricted Stock Units
[F2][F3]2026-05-21+2,009→ 2,009 total→ Common Stock (2,009 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F4]2026-05-22−589→ 1,174.846 total→ Common Stock (589 underlying)
Footnotes (4)
- [F1]In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share of Common Stock on the previous trading day.
- [F2]Each restricted stock unit represents a contingent right to receive one share of EXP common stock.
- [F3]The restricted stock units (and any accrued dividend equivalent RSUs) vest ratably in three installments on the first anniversary of the date of award; on March 31, 2028; and on March 31, 2029.
- [F4]On May 22, 2025, the reporting person was granted 1,756 restricted stock units. The restricted stock units (and any accrued dividend equivalent RSUs) vest ratably in three installments on the first anniverary of the date of award; on March 31, 2027; and on March 31, 2028.