J. Thomas Hill - 31 Oct 2024 Form 4 Insider Report for Vulcan Materials CO (VMC)

Role
Chairman & CEO, Director
Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Issuer symbol
VMC
Transactions as of
31 Oct 2024
Net transactions value
-$6,053,690
Form type
4
Filing time
01 Nov 2024, 16:01:50 UTC
Previous filing
17 Oct 2024
Next filing
08 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Options Exercise $2,445,828 +30,800 +104% $79.41 60,331 31 Oct 2024 Direct F1
transaction VMC Common Stock Tax liability $5,134,563 -18,588 -31% $276.23 41,743 31 Oct 2024 Direct F2
transaction VMC Common Stock Sale $3,019,593 -10,962 -26% $275.46 30,781 31 Oct 2024 Direct F1, F3
transaction VMC Common Stock Sale $345,362 -1,250 -4.1% $276.29 29,531 31 Oct 2024 Direct F1, F4
holding VMC Common Stock (401k) 34,448 31 Oct 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 Stock Appreciation Right Options Exercise $0 -30,800 -100% $0.000000 0 31 Oct 2024 Common Stock 30,800 $79.41 Direct F1, F5
* 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 March 14, 2024.
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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.00 to $275.96, 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.
F4 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.05 to $276.45, 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.
F5 Stock-Only Stock Appreciation Rights vested in four (4) equal annual installments beginning on this date.