A Form 4 filed with the SEC on August 14, 2026 reports that J. Thomas Hill, a director of Vulcan Materials Co (NYSE:VMC), exercised five stock appreciation rights and had related tax-withholding shares disposed of on August 12, 2026.

Key Highlights

  • Five SAR exercises: Hill exercised stock appreciation rights covering 26,100, 24,800, 22,400, 21,670, and 27,000 shares of common stock, at exercise prices of $113.16, $164.38, $185.31, $180.52, and $133.95, respectively, all on August 12, 2026.
  • Tax-withholding disposals: Five code "F" transactions disposed of 18,882, 18,969, 17,287, 17,176, and 17,962 shares at $287.79 per share on the same date.
  • Post-transaction direct ownership: Following all reported transactions, Hill directly held 72,208.665 shares of common stock, according to the filing.
  • 401(k) holdings: The filing also reports 1,265.52 shares of Common Stock (401(k)) held directly.
  • Derivative securities: All five stock appreciation rights show 0.00 derivative securities beneficially owned following each exercise.
  • Vesting note: Each stock appreciation right "vested in three (3) equal annual installments beginning on" the respective date exercisable, per the filing's explanation of responses.

Director Hill's SAR Exercises and Share Adjustments at Vulcan Materials

According to the filing, J. Thomas Hill, listed as a director of Vulcan Materials Co, a Birmingham, Alabama-based company, reported the exercise of five separate stock appreciation rights (SARs) on August 12, 2026. The SARs carried exercise prices of $113.16, $164.38, $185.31, $180.52, and $133.95, covering 26,100, 24,800, 22,400, 21,670, and 27,000 shares of common stock, respectively. Each exercise was recorded under transaction code "M" in Table I, reflecting the acquisition of the underlying common stock shares.

Concurrent with those acquisitions, the filing records five code "F" transactions, which represent shares disposed of to satisfy tax-withholding obligations. The filing states that 18,882, 18,969, 17,287, 17,176, and 17,962 shares were each disposed of at $287.79 per share. After all ten transactions were recorded in sequence, Hill's directly held common stock position stood at 72,208.665 shares, as reported in the filing. An additional 1,265.52 shares are noted separately as held in a 401(k) account.

In Table II, each of the five stock appreciation rights, with expiration dates ranging from February 19, 2029 to February 21, 2033, shows 0.00 derivative securities beneficially owned following the reported exercise transactions. The filing was signed by Jennifer L. Commander as attorney-in-fact on August 14, 2026.

What Was Disclosed

The filing discloses that director J. Thomas Hill exercised five stock appreciation rights in Vulcan Materials Co common stock on August 12, 2026, with associated tax-withholding share disposals, leaving a direct holding of 72,208.665 shares plus 1,265.52 shares in a 401(k).