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.