KENNARD LYDIA H 4

What Happened

• Lydia H. Kennard, a director of Vulcan Materials Co. (VMC), reported the conversion/exercise of a derivative on 2026-06-12 that resulted in the acquisition of 655 shares and a simultaneous reported disposition of 655 shares at $0.00. The filing shows no cash proceeds from the disposition.
• This transaction reflects the settlement of restricted stock units (RSUs) rather than an open-market buy or sale; RSU vesting/settlement is typically a routine compensation event rather than a market-driven purchase or sale.

Key Details

• Transaction date: 2026-06-12. Acquisition: 655 shares (exercise/conversion, code M) — price N/A. Disposition: 655 shares reported at $0.00.
• Filing date: 2026-06-15 (Form 4), which is within the SEC’s two-business-day reporting window (timely).
• Shares owned after transaction: not provided in the supplied filing details.
• Relevant footnotes from the filing:
  • F1: Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Vulcan common stock.
  • F2: Represents RSUs awarded on the grant date plus dividend equivalents accruing since the grant date.
  • F3: RSUs cliff vested on the specified date and were settled in shares within 75 days after such date.
• The reported disposition at $0.00 is commonly used in filings when shares are converted/settled and some or all are retained by the company to satisfy withholding or settlement procedures (i.e., not an open-market sale).

Context

• This was an RSU vesting/settlement event (conversion of a derivative award) rather than a purchase or a market sale. Such award settlements are a standard form of director compensation and do not by themselves indicate the insider’s view of the company’s stock price.
• For retail investors, note that purchases (open-market buys) are generally more informative about insider sentiment; awards/RSU settlements are routine and reflect compensation being converted into shares.