Pigg Randy L. 4
4 · Vulcan Materials CO · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Vulcan Materials (VMC) VP Randy Pigg Receives Awards (660 Units)
What Happened Randy L. Pigg, Vice President and Controller of Vulcan Materials (VMC), received two equity awards on February 19, 2026: two grants of 330 units each (660 total). Each grant was recorded at $0.00 per unit (derivative awards — not an open-market purchase). Per the filing footnotes, one award is a performance share unit (PSU) and the other consists of restricted stock units (RSUs).
Key Details
- Transaction date: 2026-02-19; Form 4 filed 2026-02-23 (timely filing within required business days).
- Price: $0.00 per unit; transaction code A (award/grant).
- Quantity: 330 units (PSU) + 330 units (RSU) = 660 units total.
- Shares owned after transaction: not specified in the filing.
- Footnotes of note:
- PSUs vest at the end of a performance period (Jan 1, 2026–Dec 31, 2028); payout is based on relative S&P 500 performance and company Cash Gross Profit per ton growth vs target; payout is 100% in Vulcan common stock.
- Each RSU represents a contingent right to one share; RSUs cliff vest on the specified date and are settled in common stock within 75 days after vesting.
Context These are equity compensation awards (derivative grants) rather than purchases or sales. PSUs are performance-contingent and may convert to shares only if performance goals are met at the end of the period; RSUs convert to shares on vesting. Such grants are routine components of executive compensation and do not by themselves indicate immediate insider buying or selling.
Insider Transaction Report
- Award
Performance Share Units
[F1]2026-02-19+330→ 330 totalFrom: 2028-12-31→ Common Stock (330 underlying) - Award
Restricted Stock Units
[F2][F3]2026-02-19+330→ 330 totalFrom: 2029-02-19→ Common Stock (330 underlying)
Footnotes (3)
- [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.