FANNING THOMAS A 4
Research Summary
AI-generated summary
Vulcan Materials Director Thomas Fanning Receives RSU Award
What Happened
- Thomas A. Fanning, a director of Vulcan Materials Company (VMC), was granted 617 Restricted Stock Units (RSUs) on 2026-05-08. The award is reported as a derivative acquisition (code A) at $0.00 (no cash purchase).
- RSUs are contingent rights to receive one share of Vulcan common stock per unit; the filing does not state an immediate cash value or the reporting person's total shares owned after the grant.
Key Details
- Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (filed within the standard two-business-day window).
- Security: 617 Restricted Stock Units (derivative award). Reported price: $0.00.
- Shares owned after transaction: not disclosed in this filing.
- Footnotes:
- Each RSU equals the right to one share upon settlement (F1).
- This is the reporting person’s annual stock grant under the Vulcan Materials Company 2025 Omnibus Long-Term Incentive Plan (F2).
- RSUs cliff vest on the specified vesting date; vested RSUs will be delivered in ten equal installments per the plan and prior instructions (F3).
Context
- This is an equity award (not a purchase or sale) and is typically a routine compensation grant for executives/directors. The RSUs are derivative awards that convert to shares only upon vesting and scheduled delivery; they do not represent immediately tradeable stock.