Pigg Randy L. 4

What Happened
Randy L. Pigg, Vice President and Controller of Vulcan Materials (VMC), had 786 performance share units (PSUs) settle into 786 shares of common stock on 2026-02-13. Of those shares, 303 were surrendered to cover tax withholding with a reported value of $97,542. The filing also reports 420 shares as a derivative disposition with $0 cash proceeds; no purchase of shares was reported.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (timely; filing fell on the next allowable business day given the Presidents' Day holiday).
• Reported entries:
  • 786 shares acquired via conversion/settlement of PSUs (transaction code M).
  • 303 shares withheld/paid for tax liability (transaction code F) at $321.92/share, total $97,542.
  • 420 shares reported as a derivative disposition (M) with $0 proceeds.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: PSUs vested after a three‑year performance period ending 12/31/2025 and were settled 100% in Vulcan common stock per the Compensation & Human Capital Committee’s payout determination.

Context

• This was not a market purchase or sale by the insider but the settlement of performance awards. Tax withholding (surrendering shares to cover taxes) is a routine administrative step and does not necessarily indicate a change in insider sentiment.
• Transaction codes: M = exercise/conversion of derivative (here, PSU conversion to shares); F = payment of exercise price or tax liability (share withholding for taxes).