Stanley G. Bass - 19 Feb 2024 Form 4 Insider Report for Vulcan Materials CO (VMC)

Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Issuer symbol
VMC
Transactions as of
19 Feb 2024
Net transactions value
-$2,868,019
Form type
4
Filing time
22 Feb 2024, 17:53:57 UTC
Previous filing
13 Feb 2024
Next filing
19 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Options Exercise +1,800 +5.3% 35,930 19 Feb 2024 Direct F1
transaction VMC Common Stock Options Exercise $857,280 +6,400 +18% $133.95 42,330 20 Feb 2024 Direct
transaction VMC Common Stock Tax liability $1,201,501 -4,709 -11% $255.15 37,621 20 Feb 2024 Direct F2
transaction VMC Common Stock Sale $2,091,469 -8,310 -22% $251.68 29,311 21 Feb 2024 Direct F3
transaction VMC Common Stock Sale $432,328 -1,691 -5.8% $255.66 27,620 22 Feb 2024 Direct F4
holding VMC Common Stock 401(k) 35 19 Feb 2024 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 Common Stock (Restricted Stock Units) Options Exercise $0 -1,800 -100% $0.000000* 0 19 Feb 2024 Common Stock 1,800 Direct F1, F5
transaction VMC Stock Appreciation Right Options Exercise $0 -6,400 -100% $0.000000* 0 20 Feb 2024 Common Stock 6,400 $133.95 Direct F6
transaction VMC Performance Share Units Award $0 +4,980 $0.000000 4,980 21 Feb 2024 Common Stock 4,980 Direct F7
transaction VMC Common Stock (Restricted Stock Units) Award $0 +1,660 $0.000000 1,660 21 Feb 2024 Common Stock 1,660 Direct F1, F5
transaction VMC Stock Appreciation Right Award $0 +4,750 $0.000000 4,750 21 Feb 2024 Common Stock 4,750 $253.43 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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 This transaction was executed in multiple trades at prices ranging from $251.28 USD to $252.02 USD; the price reported above reflects the weighted average sale price.
F4 This transaction was executed at a single price of $255.6642.
F5 Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
F6 Stock Appreciation Right vests in three (3) equal annual installments beginning on this date.
F7 Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2024 and ends on December 31, 2026. 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.