J. Thomas Hill - 07 Nov 2024 Form 4 Insider Report for Vulcan Materials CO (VMC)

Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Issuer symbol
VMC
Transactions as of
07 Nov 2024
Net transactions value
-$6,370,945
Form type
4
Filing time
08 Nov 2024, 17:47:52 UTC
Previous filing
01 Nov 2024
Next filing
19 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Options Exercise $2,953,842 +32,100 +109% $92.02 61,631 07 Nov 2024 Direct F1
transaction VMC Common Stock Tax liability $5,778,793 -19,896 -32% $290.45 41,735 07 Nov 2024 Direct F2
transaction VMC Common Stock Sale $3,545,994 -12,204 -29% $290.56 29,531 07 Nov 2024 Direct F1
holding VMC Common Stock (401k) 34,472 07 Nov 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 -32,100 -100% $0.000000 0 07 Nov 2024 Common Stock 32,100 $92.02 Direct F1, 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 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 Stock-Only Stock Appreciation Rights vested in four (4) equal annual installments beginning on this date.