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Vulcan Materials CO·4

Feb 23, 5:41 PM ET

Shah Mitesh Bansilal 4

Research Summary

AI-generated summary

Updated

Vulcan Materials (VMC) SVP Mitesh Shah Receives Awards

What Happened

  • Shah Mitesh Bansilal, Senior Vice President and Chief Human Resources Officer of Vulcan Materials Company (VMC), was granted a total of 3,790 derivative awards on February 19, 2026. The filing lists three grant items (1,760; 590; and 1,440 units) recorded at $0.00 acquisition price (these are awards, not open‑market purchases or sales). These awards are reported as derivative instruments (i.e., rights to receive stock or value in the future) rather than immediately issued common shares.

Key Details

  • Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (within the normal two business‑day filing window).
  • Grant amounts: 1,760 + 590 + 1,440 = 3,790 total units; all recorded at $0.00 acquisition price.
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Award types/footnotes in the filing:
    • F1: Performance Share Units (PSUs) — performance period runs Jan 1, 2026 to Dec 31, 2028; payout in Vulcan common stock based on relative S&P 500 performance and company cash gross profit per ton growth; settlement on Dec 31 following the performance period.
    • F2: Each Restricted Stock Unit (RSU) represents a contingent right to one share of common stock.
    • F3: RSUs cliff‑vest on the specified vesting date and are settled in shares within 75 days after vesting.
    • F4: Stock Appreciation Rights (SARs) vest in three equal annual installments beginning on the grant date.
  • Transaction code: A = Award/Grant. These are typically compensation awards, not open‑market trading.

Context

  • These are compensation grants (derivative awards) that vest or pay out later if vesting/performance conditions are met; they do not represent immediate purchases or sales of shares. PSUs and RSUs convert to shares only upon meeting vesting/performance criteria; SARs provide value tied to future increases in stock price and vest over time. Such awards are common executive compensation and should be interpreted as long‑term incentives rather than direct market sentiment from an immediate buy or sell.