Corporate GovernanceMay 28, 2026, 04:24 PM
Eagle Materials Grants Long-Term Equity Awards to Executive Officers
AI Summary
Eagle Materials' Compensation Committee approved long-term incentive equity awards for its named executive officers, effective May 21, 2026. The awards include performance-vesting restricted stock units (PSUs) and stock options, alongside time-vesting restricted stock units (RSUs) and stock options, under the 2023 Equity Incentive Plan. Performance-based awards vest based on average return on equity and total stockholder return by fiscal 2029, while time-vesting awards vest ratably through March 2029. The exercise price for stock options is $199.13.
Key Highlights
- Long-term incentive equity awards were granted to named executive officers, effective May 21, 2026.
- Awards include performance-vesting restricted stock units (PSUs) and stock options, and time-vesting RSUs and stock options.
- Performance awards vest based on average return on equity and total stockholder return by fiscal 2029.
- Time-vesting awards vest ratably on May 21, 2027, March 31, 2028, and March 31, 2029.
- CEO Michael R. Haack received a target value of $6,000,000 in equity awards.
- Stock options have an exercise price of $199.13, based on the May 21, 2026 closing price.
- Maximum performance for Mr. Haack could result in 15,066 PSUs and 39,394 options.
Price Impact
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