Clement David P 4

What Happened

• David P. Clement, Senior Vice President of Vulcan Materials Co. (VMC), had Performance Share Units (PSUs) vest and settle into 6,212 shares on Feb 13, 2026. Per the Form 4, 2,000 of those shares were surrendered/withheld to cover tax obligations at $321.92 per share, totaling $643,840.
• The filing also shows entries for 3,320 shares reported as an exercise/conversion (derivative) at $0 and listed as a disposition. Footnote F1 clarifies that these awards were PSUs settled 100% in common stock after a three‑year performance period ending Dec 31, 2025.

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (timely filing).
• Tax withholding: 2,000 shares @ $321.92 = $643,840 (reported as disposition code F).
• PSU settlement: 6,212 shares reported as conversion/exercise (code M) into common stock.
• Additional entry: 3,320 shares shown as a conversion/disposition at $0 (see filing for administrative detail).
• Shares owned after the transactions: not specified in the provided excerpt.

Context

• These were not open-market purchases or sales for investment; they reflect settlement of performance-based awards. Withholding or surrendering of shares to cover taxes is routine and does not by itself signal buying or selling intent.
• For options/derivative entries: “M” indicates exercise/conversion of a derivative (here, PSUs settled in stock). “F” indicates shares used to satisfy tax withholding.