Eagle Materials (EXP) Director Richard Beckwitt Exercises Options

What Happened

• Richard Beckwitt, a director of Eagle Materials (EXP), exercised stock options on July 10, 2026, acquiring 2,070 shares at $81.28 per share for a total of $168,250. The Form 4 also shows a simultaneous disposition of 2,070 derivative shares at $0.00, which results in no net share increase reported on that line of the filing. This transaction is recorded as an option exercise (transaction code M).

Key Details

• Transaction date: 2026-07-10
• Exercise (Acquired): 2,070 shares at $81.28 — total value reported $168,250
• Disposition (Derivative): 2,070 shares at $0.00 (same number as acquired)
• Transaction code: M (exercise/conversion of derivative)
• Filing date: 2026-07-14 — filing appears to be timely (filed within required business days)
• Shares owned after transaction: Not specified in the provided filing excerpt; net change on the reported lines = 0 shares (2,070 acquired and 2,070 disposed)

Context

• For option exercises, a simultaneous disposition at $0.00 commonly reflects share surrender or withholding (for taxes or as part of a net/cashless settlement). The filing here shows that the exercised shares were immediately surrendered/withheld, so Beckwitt did not appear to receive additional free-trading shares from this event. This is an administrative/compensation settlement rather than an open-market purchase or sale.