Newby Matt sold EXP
March 31, 2024 · Form 4 insider transaction
Newby Matt sold 1,746 shares of Eagle Materials Inc. at $271.75 per share, a transaction worth $474.5K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
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.; 1,746 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on (a) 750 shares of restricted stock awarded to the reporting person on 5/23/23 (Form 4 filed 5/25/23); (b) 1,525 shares of restricted stock awarded to the reporting person on 5/19/22 (Form 3 filed 6/6/22 and Form 4 filed 5/10/23); (c) 790 shares of restricted stock awarded to the reporting person on 5/19/21 (Form 3 filed 6/6/22); and (d) 1,370 shares of restricted stock awarded to the reporting person on 5/19/20 (Form 3 filed 6/6/22). 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 1,746 shares to reflect this tax withholding.