EVP at Martin Marietta (NYSE: MLM) awarded 2,960 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCunniff Donald A. reported acquisition or exercise transactions in this Form 4 filing.
Martin Marietta Materials executive Donald A. McCunniff, EVP and CHRO, received a grant of 2,960 shares of common stock as a restricted stock unit award. The award was granted under the company’s Amended and Restated Stock-Based Award Plan and will cliff vest on the third anniversary of the award date, subject to continued employment and other conditions in the award agreement. Following this award, his directly owned common stock holdings total 7,518 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCunniff Donald A.
Role
EVP and CHRO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,960 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,518 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did MLM executive Donald McCunniff report on this Form 4?
Donald A. McCunniff reported receiving a grant of 2,960 shares of Martin Marietta common stock as a restricted stock unit award. This is a non-cash equity grant recorded at a price of $0.0000 per share, increasing his direct holdings to 7,518 shares.
What type of equity award did MLM’s EVP and CHRO receive?
The EVP and CHRO received a restricted stock unit award covering 2,960 shares of Martin Marietta common stock. The award was granted under the Martin Marietta Materials, Inc. Amended and Restated Stock-Based Award Plan, reflecting equity-based compensation rather than an open-market stock purchase.
When do Donald McCunniff’s 2,960 restricted stock units in MLM vest?
The 2,960 restricted stock units are scheduled to cliff vest on the third anniversary of the award date. Vesting is subject to Mr. McCunniff’s continued employment and other terms and conditions specified in the underlying award agreement governing the grant.
Was the MLM Form 4 transaction a stock purchase or a grant?
The Form 4 reports a grant, not a market purchase. It is classified under transaction code “A” as a grant, award, or other acquisition and represents a restricted stock unit award of 2,960 shares provided as part of stock-based compensation.
Is Donald McCunniff’s ownership in MLM direct or through another entity?
The filing classifies Mr. McCunniff’s ownership as direct, indicated by the “D” ownership code. The reported 7,518 shares of Martin Marietta common stock following the transaction are held directly rather than through an indirect entity such as a trust or partnership.