May 10, 2024 · Form 4 insider transaction
Newby Matt sold 266 shares of Eagle Materials Inc. at $267.28 per share, a transaction worth $71.1K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 4 days after the transaction.
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.; 266 shares were withheld by the issuer to satisfy income tax withholding requirements related to the lapsing of restrictions on 675 shares of restricted stock awarded to the reporting person on May 23, 2023 (Form 4 filed on 5/7/2024). Because the reporting person's restricted stock 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 266 shares to reflect this tax withholding.