Thompson Tony 4

What Happened

• Tony Thompson, Senior Vice President of Eagle Materials (EXP), exercised stock options on May 22, 2026 to acquire 354 shares at an implied price of $199.13 per share (total $70,492). To cover tax withholding, 140 of those shares were surrendered (valued at $27,878). The filing also reports a grant of 1,256 restricted stock units (RSUs) on May 21, 2026 (derivative award).

Key Details

• Transaction dates and amounts:
  • May 22, 2026 — Exercise/conversion (code M): 354 shares acquired @ $199.13, total $70,492.
  • May 22, 2026 — Tax withholding (code F): 140 shares surrendered @ $199.13, value $27,878.
  • May 21, 2026 — Grant (code A): 1,256 RSUs reported @ $0 (derivative award).
  • The filing also shows a separate M entry for 354 shares at $0, which is bookkeeping for the derivative conversion.
• Shares owned after the transaction: Not disclosed in this Form 4.
• Notable footnotes:
  • Valuations used the prior trading day's closing price (footnote F1).
  • Each RSU is a contingent right to one share (F2); the new RSUs vest ratably in three installments (first anniversary, Mar 31, 2028, Mar 31, 2029) (F3). An earlier RSU grant from May 24, 2024 has a separate vesting schedule (F4).
• Filing date: Form 4 filed May 26, 2026 (the filing lists the report period as May 21, 2026).

Context

• This was an option exercise with share withholding to cover taxes (common practice), not an open-market sale of shares. The RSU grant is a typical compensation award that vests over time and does not represent an immediate sale or purchase signal. The exercise plus withholding reduced net newly acquired shares; no open-market sale was reported.