Stanley G. Bass - 13 Dec 2023 Form 4 Insider Report for Vulcan Materials CO (VMC)

Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Issuer symbol
VMC
Transactions as of
13 Dec 2023
Net transactions value
-$635,970
Form type
4
Filing time
14 Dec 2023, 16:43:20 UTC
Previous filing
23 Feb 2023
Next filing
13 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Options Exercise $667,644 +5,900 +24% $113.16 30,881 13 Dec 2023 Direct F1
transaction VMC Common Stock Tax liability $949,649 -4,299 -14% $220.90 26,582 13 Dec 2023 Direct F2
transaction VMC Common Stock Sale $353,965 -1,601 -6% $221.09 24,981 13 Dec 2023 Direct F1
holding VMC Common Stock 401(k) 35 13 Dec 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 -5,900 -100% $0.000000* 0 13 Dec 2023 Common Stock 5,900 $113.16 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 The transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 9, 2023.
F2 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.
F3 Stock Appreciation Right vested in three (3) equal annual installments beginning on this date.