Equity awards granted to Vulcan Materials (NYSE: VMC) vice president
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Vulcan Materials Company executive Randy L. Pigg reported awards of 390 Performance Share Units and 390 Restricted Stock Units. Both grants were acquired at a price of $0.00 per unit as part of equity compensation.
The Performance Share Units cover a performance period from January 1, 2026 through December 31, 2028, with payout in company stock based on company performance versus the S&P 500 Index and growth in cash gross profit per ton. Each Restricted Stock Unit represents a right to receive one share of Vulcan common stock and will cliff vest on a specified date, then be settled in shares within 75 days after vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Pigg Randy L.
Role
Vice President and Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Share Units | 390 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 390 | $0.00 | -- |
Holdings After Transaction:
Performance Share Units — 390 shares (Direct);
Restricted Stock Units — 390 shares (Direct)
Footnotes (1)
- Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2026 and ends on December 31, 2028. At the end of the Performance Period, the Compensation and Human Capital Committee determines the payment amount based on (1) Company performance relative to the S&P 500 Index, of which the Company is a member, and (2) the Company's annual average growth rate of Cash Gross Profit per ton versus a pre-determined target. The payment is made 100% in company stock on a payment date determined by the Compensation and Human Capital Committee. Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock. Restricted Stock Units cliff vest on the specified date and are settled in shares of Vulcan Common Stock within 75 days after the applicable vesting date.
FAQ
What insider transactions did VMC executive Randy L. Pigg report on this Form 4/A?
Randy L. Pigg reported awards of 390 Performance Share Units and 390 Restricted Stock Units. Both are equity-based compensation granted at $0.00 per unit, increasing his direct derivative holdings in Vulcan Materials stock-linked instruments.
What does each Restricted Stock Unit granted to VMC’s Randy L. Pigg represent?
Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan common stock. These units are a form of stock-based compensation that convert into actual shares once the vesting conditions are satisfied.
Are the equity awards to VMC executive Randy L. Pigg open-market purchases or sales?
No, the transactions reflect grant or award acquisitions of Performance Share Units and Restricted Stock Units at $0.00 per unit. They are part of equity compensation, not open-market buy or sell transactions in Vulcan Materials common stock.