Eagle Materials (NYSE: EXP) CEO nets shares after RSU vest and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eagle Materials Inc. President and CEO Michael Haack reported routine equity compensation activity involving restricted stock units and common shares on March 31, 2026. He exercised 3,981 restricted stock units, receiving an equivalent number of Eagle Materials common shares.
To cover income tax withholding obligations tied to this vesting and prior restricted stock awards, the company withheld a total of 6,348 common shares at a reference price of $181.50 per share, as permitted under the equity plan. After these transactions, Haack directly owned 80,579 shares of common stock. No open-market purchases or sales were reported; the activity reflects compensation vesting and tax withholding mechanics.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,981 shares exercised/converted
Mixed
4 txns
Insider
Haack Michael
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,981 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,781 | $181.50 | $868K |
| Exercise | Common Stock | 3,981 | $181.50 | $723K |
| Tax Withholding | Common Stock | 1,567 | $181.50 | $284K |
Holdings After Transaction:
Restricted Stock Units — 3,980.564 shares (Direct);
Common Stock — 78,165 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. 4,781 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 4,797 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); and (b) 7,353 shares of restricted stock awarded to the reporting person on 5/19/22 (Form 4s filed 5/23/22 and 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 4,781 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 11,857 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: 3,981 units
Shares withheld for taxes: 6,348 shares
Tax withholding price: $181.50 per share
+3 more
6 metrics
RSUs exercised
3,981 units
Restricted stock units converted to common stock on March 31, 2026
Shares withheld for taxes
6,348 shares
Total common shares delivered for income tax withholding
Tax withholding price
$181.50 per share
Closing price per share used under 2023 Equity Incentive Plan
Direct holdings after transactions
80,579 shares
CEO’s direct Eagle Materials common stock position after Form 4 events
Tax withholding from prior awards
4,781 shares
Withheld for tax on restricted stock awarded in 2022 and 2023
Additional tax-withheld shares
1,567 shares
Further common shares delivered for income tax obligations
Key Terms
Restricted Stock Units, tax-withholding disposition, Equity Incentive Plan, dividend-equivalent RSUs, +1 more
5 terms
Restricted Stock Units financial
"The CEO exercised 3,981 restricted stock units into common stock."
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
"Common stock entries coded F reflect a 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.
Equity Incentive Plan financial
"In accordance with the issuer's 2023 Equity Incentive Plan, this price represents the closing price per share."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
dividend-equivalent RSUs financial
"Upon vesting, any related dividend-equivalent RSUs are also vested at that time."
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of EXP common stock."
FAQ
What did Eagle Materials (EXP) CEO Michael Haack report in this Form 4?
Michael Haack reported routine equity compensation activity. He exercised 3,981 restricted stock units into common shares and had 6,348 shares withheld by Eagle Materials to satisfy income tax obligations under the company’s equity incentive plan.
How many Eagle Materials (EXP) RSUs did the CEO exercise?
The CEO exercised 3,981 restricted stock units. Each restricted stock unit represented a contingent right to receive one share of Eagle Materials common stock, so the exercise resulted in 3,981 newly issued common shares to the reporting person.
What price was used for Eagle Materials (EXP) tax-withholding transactions?
The tax-withholding transactions used a share price of $181.50. A footnote explains this price represents the closing price per share of Eagle Materials common stock on the previous trading day, in line with the company’s 2023 Equity Incentive Plan.