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

Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Stock symbol
VMC
Transactions as of
Dec 13, 2023
Transactions value $
-$635,970
Form type
4
Date filed
12/14/2023, 04:43 PM
Previous filing
Feb 23, 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 $668K +5.9K +23.62% $113.16 30.9K Dec 13, 2023 Direct F1
transaction VMC Common Stock Tax liability -$950K -4.3K -13.92% $220.90 26.6K Dec 13, 2023 Direct F2
transaction VMC Common Stock Sale -$354K -1.6K -6.02% $221.09 25K Dec 13, 2023 Direct F1
holding VMC Common Stock 401(k) 34.9 Dec 13, 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 -5.9K -100% $0.00* 0 Dec 13, 2023 Common Stock 5.9K $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.