J. Thomas Hill - Nov 7, 2024 Form 4 Insider Report for Vulcan Materials CO (VMC)

Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Stock symbol
VMC
Transactions as of
Nov 7, 2024
Transactions value $
-$6,370,945
Form type
4
Date filed
11/8/2024, 05:47 PM
Previous filing
Nov 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VMC Common Stock Options Exercise $2.95M +32.1K +108.7% $92.02 61.6K Nov 7, 2024 Direct F1
transaction VMC Common Stock Tax liability -$5.78M -19.9K -32.28% $290.45 41.7K Nov 7, 2024 Direct F2
transaction VMC Common Stock Sale -$3.55M -12.2K -29.24% $290.56 29.5K Nov 7, 2024 Direct F1
holding VMC Common Stock (401k) 34.5K Nov 7, 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 -32.1K -100% $0.00 0 Nov 7, 2024 Common Stock 32.1K $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.