Jerry F. Perkins Jr., Chief Administrative Officer of Vulcan Materials Co, filed a Form 4 on November 9, 2026, disclosing transactions dated November 5, 2026, involving the exercise of a Stock Appreciation Right and a related share withholding for tax purposes.

Key Highlights

  • SAR exercised: Perkins acquired 2,400 shares of Common Stock via an M-coded transaction (exercise of a Stock Appreciation Right) at a conversion price of $121.69 on November 5, 2026.
  • Shares withheld for taxes: 1,611 shares were disposed of under transaction code F at $297.69 per share on the same date.
  • Post-transaction direct holdings: Following the reported transactions, Perkins directly held 21,337 shares of Common Stock.
  • 401(k) holdings: The filing also reports 5,098.655 shares of Common Stock held indirectly through a 401(k) plan.
  • Derivative position closed: The Stock Appreciation Right, with an exercise price of $121.69 and expiration date of February 23, 2028, was exercised in full, leaving 0.00 derivative securities beneficially owned.
  • Vesting schedule noted: According to the filing, the Stock Appreciation Right "vested in three (3) equal annual installments beginning on this date."

Perkins SAR Exercise and Share Withholding at Vulcan Materials

According to the Form 4 filed with the SEC on November 9, 2026, Jerry F. Perkins Jr., identified as Chief Administrative Officer of Vulcan Materials Co (NYSE:VMC), reported two non-derivative transactions and the closure of one derivative position, all dated November 5, 2026. The filing was signed by Jennifer L. Commander as Attorney-In-Fact.

The M-coded transaction reflects the exercise of a Stock Appreciation Right originally carrying a conversion price of $121.69. The SAR covered 2,400 shares of Common Stock, with an expiration date of February 23, 2028, and was exercised on November 5, 2026. Per the filing's footnote, the right "vested in three (3) equal annual installments beginning on this date." Following the exercise, the derivative position in that SAR stood at 0.00 securities beneficially owned.

Concurrent with the SAR exercise, 1,611 shares were disposed of under transaction code F, which typically denotes shares withheld for tax obligations, at a price of $297.69 per share. After both the acquisition of 2,400 shares and the disposition of 1,611 shares, Perkins directly held 21,337 shares of Common Stock, according to the filing. The filing separately lists 5,098.655 shares held directly within a 401(k) plan.

What Was Disclosed

The filing disclosed a SAR exercise by Vulcan Materials' Chief Administrative Officer on November 5, 2026, resulting in a net increase of 789 directly held shares after a tax-related disposition, with total direct beneficial ownership reported at 21,337 shares.