CMC (CMC) director John McPherson receives 42-share stock award tied to dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COMMERCIAL METALS Co director John R. McPherson received a compensation-related share award tied to dividend equivalents. On April 15, 2026, he acquired 42 shares of Common Stock at a price of $64.91 per share, classified as a grant or award rather than an open-market purchase.
The filing shows he holds 19,903 Common Stock shares directly after this transaction and 6,722 shares indirectly through a limited partnership. The award represents dividend equivalents that were deemed deferred into fully vested restricted stock units, which will be distributable in shares of common stock after his service as a director ends, consistent with his distribution election.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McPherson John R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 42 | $64.91 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,903 shares (Direct);
Common Stock — 6,722 shares (Indirect, By Limited Partnership)
Footnotes (1)
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Key Figures
Awarded shares: 42 shares
Award reference price: $64.91 per share
Direct holdings after transaction: 19,903 shares
+1 more
4 metrics
Awarded shares
42 shares
Grant/award acquisition on April 15, 2026
Award reference price
$64.91 per share
Price per share for the 42-share award
Direct holdings after transaction
19,903 shares
Common Stock held directly after April 15, 2026 award
Indirect holdings
6,722 shares
Common Stock held indirectly by limited partnership
Key Terms
dividend equivalents, restricted stock units, distributable in shares of common stock, By Limited Partnership
4 terms
dividend equivalents financial
"Represents dividend equivalents deemed deferred into additional restricted stock units"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
restricted stock units financial
"deferred into additional restricted stock units that are fully vested"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
By Limited Partnership financial
"nature_of_ownership": "By Limited Partnership""
FAQ
What did CMC director John R. McPherson report in this Form 4?
John R. McPherson reported receiving 42 shares of COMMERCIAL METALS Co Common Stock as a grant or award. This award is tied to dividend equivalents converted into fully vested restricted stock units, distributable in shares after his service as a director ends.
Was the CMC Form 4 transaction an open-market buy or a compensation award?
The CMC Form 4 shows a compensation-related award, not an open-market buy. The transaction is coded as a grant or award acquisition and reflects dividend equivalents deemed deferred into additional fully vested restricted stock units for the director.
How are dividend equivalents treated in John R. McPherson’s CMC award?
Dividend equivalents are deemed deferred into additional restricted stock units that are fully vested. According to the filing, these units are distributable in shares of COMMERCIAL METALS Co common stock after McPherson’s termination of service as a director, per his distribution election.
What indirect holdings are disclosed for the CMC director in this Form 4?
The Form 4 discloses that 6,722 COMMERCIAL METALS Co shares are held indirectly for the director. These shares are noted as being held "By Limited Partnership," indicating an ownership interest through that entity separate from his direct personal holdings.