Kesler Dale Craig 4
4 · EAGLE MATERIALS INC · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Eagle Materials (EXP) CFO Dale Kesler Exercises Options, Withholds Shares
What Happened Dale Craig Kesler, EVP and Chief Financial Officer of Eagle Materials (EXP), exercised or converted a derivative to acquire 824 shares at $199.13 per share on May 22, 2026, for a reported cash value of $164,083. The filing shows 325 shares were withheld to cover tax obligations (disposed) at the same $199.13 per-share basis (~$64,717), leaving a net of 499 shares received from this transaction. The report also records two restricted stock unit (RSU) awards granted on May 21, 2026 totaling 6,354 RSUs (1,758 + 4,596), reported with no immediate cash value.
Key Details
- Primary transaction dates: May 21, 2026 (RSU grants) and May 22, 2026 (exercise and tax withholding).
- Exercise price / valuation used: $199.13 per share (footnote: this equals prior trading day's closing price).
- Shares acquired via exercise: 824 (total cash cost reported $164,083).
- Shares withheld for taxes: 325 (reported value ~$64,717). Net shares retained from the exercise = 499.
- RSU grants: 1,758 RSUs and 4,596 RSUs granted on May 21, 2026 (total 6,354 RSUs); each RSU represents a contingent right to one share.
- Vesting: RSUs vest ratably in three installments per footnotes (first anniversary of award, March 31, 2028, and March 31, 2029).
- Filing timeliness: Form 4 filed May 26, 2026; this appears timely (filed within the required two business days considering the May 25 holiday).
- Transaction codes: M = exercise/conversion of derivative; F = tax withholding to satisfy tax liability.
Context
- This was an option/derivative exercise with shares withheld to cover taxes (a common, non-open-market way to satisfy tax obligations). The RSU grants are awards that vest over time and do not provide immediate tradable shares. The filing does not state total post-transaction holdings for Kesler, so overall ownership after these entries is not specified in the report.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-05-22$199.13/sh+824$164,083→ 56,903 total - Tax Payment
Common Stock
[F1]2026-05-22$199.13/sh−325$64,717→ 56,578 total - Award
Restricted Stock Units
[F2][F3]2026-05-21+1,758→ 1,758 total→ Common Stock (1,758 underlying) - Award
Non-Qualified Stock Option (Right to Buy)
[F4]2026-05-21+4,596→ 4,596 totalExercise: $199.13Exp: 2036-05-21→ Common Stock (4,596 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F5]2026-05-22−824→ 1,644.983 total→ Common Stock (824 underlying)
- 442(indirect: By IRA)
Common Stock
Footnotes (5)
- [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]This award will vest ratably on the first anniversary of the date of award; on March 31, 2028; and on March 31, 2029.
- [F5]On May 22, 2025, the reporting person was granted 2,458 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.