Eagle Materials Director Michael R. Nicolais Receives Restricted Stock Award

What Happened
Michael R. Nicolais, a director of Eagle Materials Inc. (EXP), received equity awards on July 30, 2026. The filing shows a grant of 1,549 restricted shares (acquired at $0.00) and a separate grant of 1,341 shares reported as a derivative (also $0.00). The 1,549 restricted shares have restrictions that lapse on July 30, 2027. These are grants/awards (compensation), not open-market purchases or sales.

Key Details

• Transaction date: July 30, 2026; Form 4 filed August 3, 2026 (timely — within required two business days).
• Grants: 1,549 restricted shares @ $0.00 (direct), plus 1,341 shares reported as "derivative" @ $0.00. Total reported acquisition value: $0.
• Restriction lapse: The 1,549 restricted shares vest/restrictions lapse on July 30, 2027 (Footnote F1).
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Filing notes: No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the provided information.

Context
This was an equity award (company compensation to a director), which increases insider ownership but is different from an outright purchase by the insider. The derivative line is reported separately; the filing does not specify the instrument type (e.g., RSUs) beyond labeling it as a derivative. Awards at $0.00 are typical for restricted stock grants—the eventual economic value depends on the company’s future share price.