SEC Form 4 · accession 0001562180-19-000911
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David P Clement
Officer — President - Central Division
Period of report
Feb 8, 2019
Accepted (ET)
Feb 12, 2019 · 7:25 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001396009
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF1 | — | Feb 8, 2019 | M | 3,300 | D | Dec 31, 2018 | — | Common Stock | 3,300 | 0 | D |
| Phantom Stock (Deferred Comp DSUs/PSUs)F3,F2,F4 | — | Feb 8, 2019 | M | 4,768 | A | — | — | Common Stock | 4,768 | 4,768 | D |
Explanation of responses
- F1Each performance unit is settled 100% in Vulcan common stock after deducting the amount of taxes due on a payment date determined by the Compensation Committee. Performance Share Units vest at December 31 following a four-year award period. At the end of the award period, the Compensation Committee determines the payment amount based on pre-established performance criteria.
- F2Convertible on a 1-for-1 basis.
- F3Each performance unit is settled 100% in Vulcan common stock after deducting the amount of taxes due.
- F4The units are to be settled in Vulcan Materials Company common stock the year following the year of retirement of the reporting person.