Stanley G. Bass - Sep 1, 2021 Form 4 Insider Report for Vulcan Materials CO (VMC)

Role
Chief Strategy Officer
Signature
/s/ Elizabeth H. Townsend, Attorney-In-Fact
Stock symbol
VMC
Transactions as of
Sep 1, 2021
Transactions value $
-$3,170,062
Form type
4
Date filed
9/3/2021, 04:19 PM
Previous filing
Sep 2, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock (401k) Sale -$3.17M -17.1K -100% $185.85 0 Sep 1, 2021 Direct
holding VMC Common Stock 21.8K Sep 1, 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 38.9K Sep 1, 2021 Common Stock 38.9K Direct F1, F2
holding VMC Performance Share Units 6K Sep 1, 2021 Common Stock 6K Direct F3
holding VMC Performance Share Units 5.8K Sep 1, 2021 Common Stock 5.8K Direct F4
holding VMC Performance Share Units 5.3K Sep 1, 2021 Common Stock 5.3K Direct F5
holding VMC Restricted Stock Units 2K Sep 1, 2021 Common Stock 2K Direct F6, F7
holding VMC Restricted Stock Units 1.9K Sep 1, 2021 Common Stock 1.9K Direct F6, F7
holding VMC Restricted Stock Units 1.8K Sep 1, 2021 Common Stock 1.8K Direct F6, F7
holding VMC Stock Appreciation Right 5.9K Sep 1, 2021 Common Stock 5.9K $113.16 Direct F8
holding VMC Stock Appreciation Right 6.4K Sep 1, 2021 Common Stock 6.4K $133.95 Direct F8
holding VMC Stock Appreciation Right 5.5K Sep 1, 2021 Common Stock 5.5K $164.38 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Convertible on a 1-for-1 basis.
F2 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.
F3 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.
F4 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.
F5 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.
F6 Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
F7 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.
F8 Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.