Pigg Randy L. 4

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.