J. Thomas Hill - Jun 7, 2023 Form 4 Insider Report for Vulcan Materials CO (VMC)

Role
Chairman, President & CEO, Director
Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Stock symbol
VMC
Transactions as of
Jun 7, 2023
Transactions value $
-$1,707,732
Form type
4
Date filed
6/8/2023, 05:48 PM
Previous filing
May 19, 2023
Next filing
Jul 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock +Options Exercise $825,000 +12,500 +15.62% $66.00 92,539 Jun 7, 2023 Direct F1
transaction VMC Common Stock -Tax liability -$1,585,352 -7,805 -8.43% $203.12 84,734 Jun 7, 2023 Direct
transaction VMC Common Stock -Sell -$849,964 -4,214 -4.97% $201.70 80,520 Jun 7, 2023 Direct F1, F2
transaction VMC Common Stock -Sell -$97,417 -481 -0.6% $202.53 80,039 Jun 7, 2023 Direct F1
holding VMC Common Stock (401k) 32,487 Jun 7, 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 Stock Appreciation Right -Options Exercise $0 -12,500 -100% $0.00 0 Jun 7, 2023 Common Stock 12,500 $66.00 Direct F3

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 These transactions were made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 8, 2023.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $201.25 to $202.24, 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 Stock-Only Stock Appreciation Right vested in four (4) equal annual installments beginning on this date.