Denson N. Franklin III - 10 Feb 2023 Form 4 Insider Report for Vulcan Materials CO (VMC)

Role
SVP, Gen. Counsel & Secretary
Signature
/s/ Jennifer L. Commander, Attorney-In-Fact
Issuer symbol
VMC
Transactions as of
10 Feb 2023
Transactions value $
-$365,553
Form type
4
Filing time
14 Feb 2023, 15:26:51 UTC
Previous filing
05 Dec 2022
Next filing
23 Feb 2023
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 +4.38K +238.28% 6.22K 10 Feb 2023 Direct F1
transaction VMC Common Stock Tax liability -$366K -1.98K -31.75% $185.09 4.25K 10 Feb 2023 Direct F2

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 Performance Share Units Options Exercise $0 -3.6K -100% $0.00* 0 10 Feb 2023 Common Stock 3.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Performance Share Unit ("PSU") was settled 100% in Vulcan common stock. These PSUs vested following a three-year performance period ending December 31, 2022. At the end of the performance period, the Compensation Committee determined to pay out the award based on pre-established performance criteria.
F2 Represents shares sold by the Company for tax withholding.