Clement David P 4
4 · Vulcan Materials CO · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Vulcan Materials (VMC) SVP David P. Clement Receives Awards
What Happened
David P. Clement, Senior Vice President of Vulcan Materials Company (VMC), was granted four equity awards on February 19, 2026 totaling 6,165 derivative share units: 2,470; 820; 2,030; and 845 units. All grants are reported as award/acquisition transactions (code A) at an exercise/acquisition price of $0.00 and are derivative in nature (not open‑market purchases or sales). The awards appear to be compensation/retention‑related rather than immediate cash transactions.
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (filed within the 2 business‑day reporting window).
- Transaction type/code: A = Grant/Award (derivative securities). Reported price: $0.00.
- Shares granted: 2,470 + 820 + 2,030 + 845 = 6,165 units.
- Shares owned after transaction: Not disclosed in the provided Form 4 information.
- Footnotes in the filing indicate multiple award types:
- F1: Performance Share Units (PSUs) — performance period 1/1/2026–12/31/2028; payout in Vulcan common stock based on relative S&P 500 performance and cash gross profit per ton targets.
- F2: Each Restricted Stock Unit (RSU) equals one contingent share.
- F3: RSUs cliff vest on specified date and are settled in shares within 75 days after vesting.
- F4: Stock Appreciation Right (SAR) vests in three equal annual installments.
- F5: Indicates a special retention grant.
- Filing timeliness: Timely (no late filing flag).
Context
These grants are derivative/compensation awards (PSUs, RSUs and/or SAR/retention awards per footnotes) and do not represent an open‑market purchase or sale. PSUs pay out (if earned) at the end of a performance period based on formulaic goals and are settled in stock; RSUs convert to shares only upon vesting; SARs provide upside tied to stock appreciation and vest over multiple years. Such awards are common for executive compensation and signal company retention/incentive arrangements rather than immediate insider buying or selling.
Insider Transaction Report
- Award
Performance Share Units
[F1]2026-02-19+2,470→ 2,470 totalFrom: 2028-12-31→ Common Stock (2,470 underlying) - Award
Restricted Stock Units
[F2][F3]2026-02-19+820→ 820 totalFrom: 2029-02-19→ Common Stock (820 underlying) - Award
Stock Appreciation Right
[F4]2026-02-19+2,030→ 2,030 totalExercise: $302.85From: 2027-02-19Exp: 2036-02-19→ Common Stock (2,030 underlying) - Award
Restricted Stock Units
[F2][F5][F3]2026-02-19+845→ 845 totalFrom: 2027-02-19→ Common Stock (845 underlying)
Footnotes (5)
- [F1]Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2026 and ends on December 31, 2028. At the end of the Performance Period, the Compensation and Human Capital Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in Vulcan Common Stock on a payment date determined by the Compensation and Human Capital Committee.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
- [F3]Restricted Stock Units cliff vest on the specified date and are settled in shares of Vulcan Common Stock within 75 days after the applicable vesting date.
- [F4]Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.
- [F5]Represents special retention grant.