Stanley G. Bass - Aug 31, 2021 Form 4 Insider Report for Vulcan Materials CO (VMC)

Signature
/s/ Elizabeth H. Townsend, Attorney-In-Fact
Stock symbol
VMC
Transactions as of
Aug 31, 2021
Transactions value $
-$4,553,970
Form type
4
Date filed
9/2/2021, 05:59 PM
Next filing
Dec 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Sale -$3.96M -21.3K -63.66% $185.49 12.2K Aug 31, 2021 Direct F1
transaction VMC Common Stock Sale -$112K -600 -4.92% $186.01 11.6K Aug 31, 2021 Direct F2
transaction VMC Common Stock Sale -$2.15M -11.6K -99.99% $185.55 1.24 Aug 31, 2021 Direct F3
transaction VMC Common Stock Options Exercise $492K +6.2K +500000% $79.41 6.2K Sep 1, 2021 Direct
transaction VMC Common Stock Tax liability -$367K -1.98K -31.86% $185.93 4.23K Sep 1, 2021 Direct F4
transaction VMC Common Stock Options Exercise $856K +9.3K +220.11% $92.02 13.5K Sep 1, 2021 Direct
transaction VMC Common Stock Tax liability -$486K -2.61K -19.33% $185.93 10.9K Sep 1, 2021 Direct F4
transaction VMC Common Stock Options Exercise $846K +6.9K +63.24% $122.60 17.8K Sep 1, 2021 Direct
transaction VMC Common Stock Tax liability -$243K -1.31K -7.34% $185.93 16.5K Sep 1, 2021 Direct F4
transaction VMC Common Stock Options Exercise $803K +6.6K +39.99% $121.69 23.1K Sep 1, 2021 Direct
transaction VMC Common Stock Tax liability -$236K -1.27K -5.49% $185.93 21.8K Sep 1, 2021 Direct F4
holding VMC Common Stock (401k) 17.1K Aug 31, 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
transaction VMC Stock Appreciation Right Options Exercise $0 -6.2K -100% $0.00* 0 Sep 1, 2021 Common Stock 6.2K $79.41 Direct F5
transaction VMC Stock Appreciation Right Options Exercise $0 -9.3K -100% $0.00* 0 Sep 1, 2021 Common Stock 9.3K $92.02 Direct F5
transaction VMC Stock Appreciation Right Options Exercise $0 -6.9K -100% $0.00* 0 Sep 1, 2021 Common Stock 6.9K $122.60 Direct F6
transaction VMC Stock Appreciation Right Options Exercise $0 -6.6K -100% $0.00* 0 Sep 1, 2021 Common Stock 6.6K $121.69 Direct F6
holding VMC Deferred Comp DSUs/PSUs 38.9K Aug 31, 2021 Common Stock 38.9K Direct F7, F8
holding VMC Performance Share Units 6K Aug 31, 2021 Common Stock 6K Direct F9
holding VMC Performance Share Units 5.8K Aug 31, 2021 Common Stock 5.8K Direct F10
holding VMC Performance Share Units 5.3K Aug 31, 2021 Common Stock 5.3K Direct F11
holding VMC Restricted Stock Units 2K Aug 31, 2021 Common Stock 2K Direct F12, F13
holding VMC Restricted Stock Units 1.9K Aug 31, 2021 Common Stock 1.9K Direct F12, F13
holding VMC Restricted Stock Units 1.8K Aug 31, 2021 Common Stock 1.8K Direct F12, F13
holding VMC Stock Appreciation Right 5.9K Aug 31, 2021 Common Stock 5.9K $113.16 Direct F14
holding VMC Stock Appreciation Right 6.4K Aug 31, 2021 Common Stock 6.4K $133.95 Direct F14
holding VMC Stock Appreciation Right 5.5K Aug 31, 2021 Common Stock 5.5K $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 $185.00 to $185.98, 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 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.
F11 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.
F12 Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
F13 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.
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 $186.00 to $186.04, 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 $185.24 to $185.89, 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 Represents shares sold (for tax-withholding purposes and to cover the cost of the options) pursuant to the exercise of Stock-Only Stock Appreciation Rights previously granted.
F5 Stock Appreciation Right vested in four (4) equal annual installments beginning on this date.
F6 Stock Appreciation Right vested in three (3) equal annual installments beginning on this date.
F7 Convertible on a 1-for-1 basis.
F8 Each share will settle for a share of Vulcan Common Stock in accordance with the terms of Vulcan's Deferred Compensation Plan and instructions previously provided by the reporting person pursuant thereto.
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, 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.