Haack Michael 4

What Happened

Michael Haack, President, CEO and a director of Eagle Materials, was credited with three grants of dividend-equivalent restricted stock units (DEUs) on July 20, 2026. The filing reports awards of 4.938, 8.737 and 9.334 DEU units (total 23.009 units) at an acquisition price of $0. These DEUs reflect dividend equivalents credited to previously disclosed RSU awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-07-20; Form 4 filed: 2026-07-22 (reported within typical two-business-day window).
• Reported items: three awards (4.938; 8.737; 9.334) = 23.009 DEU units total, $0 acquisition price (derivative awards).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1, F2, F3 state these are dividend-equivalent RSUs credited in connection with cash dividends; underlying RSU grants were disclosed on Form 4 filings dated May 29, 2024; May 27, 2025; and May 26, 2026.
• Filing timeliness: filed two days after the transaction date (no late filing flag noted).

Context

DEUs are adjustments to existing restricted stock unit awards that credit additional units tied to dividends — they are compensation-related and not market purchases or sales. Because the reported acquisition price is $0, the Form 4 reflects the issuance/accrual of units rather than a cash transaction; the economic value depends on Eagle Materials' stock price when the units vest or convert. These types of filings are routine for executives with RSU grants and do not by themselves indicate a buy or sell signal.