Eagle Materials (NYSE: EXP) executive nets shares after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eagle Materials executive Eric Cribbs reported routine equity compensation activity tied to restricted stock units. On March 31, 2026, he exercised 459 restricted stock units, receiving an equivalent number of common shares. In connection with vesting events, the company withheld 598 and 186 common shares at $181.50 per share to cover income tax obligations, rather than selling shares on the open market. After these exercises and tax-withholding dispositions, Cribbs directly holds 12,211 shares of Eagle Materials common stock. The restricted stock units stem from prior equity awards granted under the company’s 2023 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
459 shares exercised/converted
Mixed
4 txns
Insider
Cribbs Eric
Role
President (American Gypsum)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 459 | $0.00 | -- |
| Tax Withholding | Common Stock | 598 | $181.50 | $109K |
| Exercise | Common Stock | 459 | $181.50 | $83K |
| Tax Withholding | Common Stock | 186 | $181.50 | $34K |
Holdings After Transaction:
Restricted Stock Units — 456.461 shares (Direct);
Common Stock — 11,938 shares (Direct)
Footnotes (1)
- In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share of Common Stock on the previous trading day. 598 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 500 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); and (b) 980 shares of restricted stock awarded to the reporting person on 5/19/22 (Form 3 filed 8/15/22 and Form 4 filed 5/10/23). Because the reporting person's restricted holdings have been included in the direct ownership of Common Stock disclosed by the reporting person, the reporting person's direct ownership of Common Stock has been reduced by 598 shares to reflect this tax withholding. Each restricted stock unit represents a contingent right to receive one share of EXP common stock. On May 24, 2024, the reporting person was granted 1,364 restricted stock units, vesting ratably in three installments on the first anniverary of the date of award; on March 31, 2026; and on March 31, 2027. Upon vesting, any related dividend-equivalent RSUs are also vested at that time.
Key Figures
RSUs exercised: 459 restricted stock units
Tax-withheld shares (first entry): 598 shares at $181.50/share
Tax-withheld shares (second entry): 186 shares at $181.50/share
+4 more
7 metrics
RSUs exercised
459 restricted stock units
Converted into 459 common shares on March 31, 2026
Tax-withheld shares (first entry)
598 shares at $181.50/share
Withheld to satisfy income tax on lapsing restrictions
Tax-withheld shares (second entry)
186 shares at $181.50/share
Additional withholding for income tax obligations
Total tax-withholding shares
784 shares
Sum of shares withheld under F-code entries
Shares owned after transactions
12,211 shares
Direct common stock ownership after March 31, 2026 entries
Exercise price reference
$181.50 per share
Closing price per share used under 2023 Equity Incentive Plan
Prior RSU grant
1,364 restricted stock units
Granted May 24, 2024, vesting in three installments
Key Terms
Restricted Stock Units, tax-withholding disposition, 2023 Equity Incentive Plan, dividend-equivalent RSUs, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
2023 Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan"
dividend-equivalent RSUs financial
"Upon vesting, any related dividend-equivalent RSUs are also vested"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
FAQ
What insider transactions did Eric Cribbs report at Eagle Materials (EXP)?
Eric Cribbs exercised 459 restricted stock units into common stock and had 598 and 186 shares withheld at $181.50 per share for income taxes. Following these compensation-related transactions, he directly holds 12,211 shares of Eagle Materials common stock.
Was the Form 4 for Eagle Materials (EXP) an open-market stock sale by Eric Cribbs?
No. The Form 4 shows tax-withholding dispositions coded "F," meaning shares were withheld by the company to pay income taxes on vesting, not sold in the open market. The main action is exercising restricted stock units and settling related tax obligations.
What are the restricted stock units reported by Eric Cribbs at Eagle Materials (EXP)?
Each restricted stock unit represents a contingent right to receive one share of Eagle Materials common stock. The Form 4 notes a prior grant of 1,364 restricted stock units that vest in three installments, with associated dividend-equivalent RSUs vesting at the same times.
Are Eric Cribbs’ Eagle Materials (EXP) transactions linked to an equity incentive plan?
Yes. The filing states the price used for tax withholding is determined under Eagle Materials’ 2023 Equity Incentive Plan. The reported restricted stock units and restricted stock awards are equity compensation granted to Cribbs under that plan and vest over multiple dates.