SEC Form 4 · accession 0001562180-19-001208
Vulcan Materials CO · VMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Randy L. Pigg
Officer — Vice President and Controller
Period of report
Feb 19, 2019
Accepted (ET)
Feb 21, 2019 · 7:04 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 19, 2019 | A | 470 | A | Dec 31, 2021 | — | Common Stock | 470 | 470 | D |
| Restricted Stock UnitsF2,F3 | — | Feb 19, 2019 | A | 470 | A | Feb 19, 2022 | — | Common Stock | 470 | 470 | D |
Explanation of responses
- F1Performance Share Units vest on December 31 at the end of the Performance Period. The Performance Period for this award begins on January 1, 2019 and ends on December 31, 2021. 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.
- F2Each Restricted Stock Unit represents a contingent right to receive one share of Vulcan Common Stock.
- F3Restricted 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.