Denson N. Franklin III - Feb 18, 2022 Form 4 Insider Report for Vulcan Materials CO (VMC)

Role
SVP, Gen. Counsel & Secretary
Signature
C. Samuel Todd, Attorney-In-Fact
Stock symbol
VMC
Transactions as of
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 04:52 PM
Next filing
Dec 5, 2022

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 Performance Share Units Award $0 +3.2K $0.00 3.2K Feb 18, 2022 Common Stock 3.2K Direct F1
transaction VMC Restricted Stock Units Award $0 +1.1K $0.00 1.1K Feb 18, 2022 Common Stock 1.1K Direct F2, F3
transaction VMC Stock Appreciation Right Award $0 +3.2K $0.00 3.2K Feb 18, 2022 Common Stock 3.2K $185.31 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2022 and ends on December 31, 2024. 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.
F2 Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
F3 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.
F4 Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.