Denson N. Franklin III - Feb 21, 2023 Form 4 Insider Report for Vulcan Materials CO (VMC)

Role
SVP, Gen. Counsel & Secretary
Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Stock symbol
VMC
Transactions as of
Feb 21, 2023
Transactions value $
-$92,787
Form type
4
Date filed
2/23/2023, 05:00 PM
Previous filing
Feb 14, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Options Exercise +1.2K +28.26% 5.45K Feb 22, 2023 Direct F1
transaction VMC Common Stock Tax liability -$92.8K -514 -9.44% $180.52 4.93K Feb 22, 2023 Direct
holding VMC Common Stock (401k) 0 Feb 21, 2023 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 Performance Share Units Award $0 +4K $0.00 4K Feb 21, 2023 Common Stock 4K Direct F2
transaction VMC Restricted Stock Units Award $0 +1.33K $0.00 1.33K Feb 21, 2023 Common Stock 1.33K Direct F1, F3
transaction VMC Stock Appreciation Right Award $0 +3.23K $0.00 3.23K Feb 21, 2023 Common Stock 3.23K $180.52 Direct F4
transaction VMC Restricted Stock Units Options Exercise $0 -1.2K -100% $0.00* 0 Feb 22, 2023 Common Stock 1.2K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
F2 Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2023 and ends on December 31, 2025. At the end of the Performance Period, the Compensation Committee determines the payment amount based on (1) the Company's Total Shareholder Return 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.
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.