J. Thomas Hill - 30 Aug 2021 Form 4 Insider Report for Vulcan Materials CO (VMC)

Signature
/s/ Elizabeth H. Townsend, Attorney-In-Fact
Issuer symbol
VMC
Transactions as of
30 Aug 2021
Net transactions value
-$17,272,011
Form type
4
Filing time
01 Sep 2021, 19:56:05 UTC
Next filing
15 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Sale $9,635,271 -51,733 -42% $186.25 70,465 30 Aug 2021 Direct F1
transaction VMC Common Stock Sale $3,335,770 -17,825 -25% $187.14 52,640 30 Aug 2021 Direct F2
transaction VMC Common Stock Sale $3,871,306 -20,809 -40% $186.04 31,831 31 Aug 2021 Direct F3
transaction VMC Common Stock Sale $429,663 -2,300 -7.2% $186.81 29,531 31 Aug 2021 Direct F4
holding VMC Common Stock (401k) 28,601 30 Aug 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding VMC Deferred Comp DSUs/PSUs 47,388 30 Aug 2021 Common Stock 47,388 Direct F5, F6
holding VMC Phantom Stock (Deferred Compensation) 2,761 30 Aug 2021 Common Stock 2,761 Direct F5, F6
holding VMC Performance Share Units 27,000 30 Aug 2021 Common Stock 27,000 Direct F7
holding VMC Performance Share Units 24,700 30 Aug 2021 Common Stock 24,700 Direct F8
holding VMC Performance Share Units 23,700 30 Aug 2021 Common Stock 23,700 Direct F9
holding VMC Restricted Stock Units 9,000 30 Aug 2021 Common Stock 9,000 Direct F10, F11
holding VMC Restricted Stock Units 8,200 30 Aug 2021 Common Stock 8,200 Direct F10, F11
holding VMC Restricted Stock Units 7,900 30 Aug 2021 Common Stock 7,900 Direct F10, F11
holding VMC Stock Appreciation Right 7,000 30 Aug 2021 Common Stock 7,000 $55.41 Direct F12
holding VMC Stock Appreciation Right 12,500 30 Aug 2021 Common Stock 12,500 $66.00 Direct F12
holding VMC Stock Appreciation Right 30,800 30 Aug 2021 Common Stock 30,800 $79.41 Direct F12
holding VMC Stock Appreciation Right 32,100 30 Aug 2021 Common Stock 32,100 $92.02 Direct F12
holding VMC Stock Appreciation Right 23,900 30 Aug 2021 Common Stock 23,900 $122.60 Direct F13
holding VMC Stock Appreciation Right 27,200 30 Aug 2021 Common Stock 27,200 $121.69 Direct F13
holding VMC Stock Appreciation Right 26,100 30 Aug 2021 Common Stock 26,100 $113.16 Direct F14
holding VMC Stock Appreciation Right 27,000 30 Aug 2021 Common Stock 27,000 $133.95 Direct F14
holding VMC Stock Appreciation Right 24,800 30 Aug 2021 Common Stock 24,800 $164.38 Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.01 to $187.00, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
F11 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.
F12 Stock Appreciation Right vested in four (4) equal annual installments beginning on this date.
F13 Stock Appreciation Right vested in three (3) equal annual installments beginning on this date.
F14 Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $187.01 to $187.39, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $185.55 to $186.54, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $186.55 to $187.36, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 Convertible on a 1-for-1 basis.
F6 In accordance with the terms of Vulcan's Deferred Compensation Plan and instructions previously provided by the reporting person pursuant thereto, each share will settle for a share of Vulcan Common Stock following the retirement of the reporting person.
F7 Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2019 and ends on December 31, 2021. At the end of the Performance Period, the Compensation 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 stock on a payment date determined by the Compensation Committee.
F8 Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2020 and ends on December 31, 2022. At the end of the Performance Period, the Compensation 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 stock on a payment date determined by the Compensation Committee.
F9 Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2021 and ends on December 31, 2023. At the end of the Performance Period, the Compensation 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 stock on a payment date determined by the Compensation Committee.