Eagle Materials Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Eagle Materials Inc. on May 22, 2025. The filing discloses the approval of long-term incentive equity awards under the Company's 2023 Equity Incentive Plan to a group of officers, including named executive officers, effective May 22, 2025.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics. The only financial data disclosed relates to the grant date fair value of equity awards and the stock price on the grant date.
- Grant Date Stock Price: $213.66 (Closing price on May 22, 2025)
- Total Target Value of Awards (Named Executives): $9,551,680
Material Changes and Award Details
The Compensation Committee approved a mix of performance-vesting restricted stock units (PSUs), performance-vesting stock options, time-vesting restricted stock units (RSUs), and time-vesting stock options.
- Performance Criteria: PSUs and performance-vesting options are based on average return on equity at the end of fiscal 2028 (three-year period), modified by average absolute total stockholder return.
- Vesting Range: Threshold performance results in 50% of target vesting; maximum performance results in 200% of target vesting.
- Time-Vesting Schedule: RSUs and time-vesting options vest ratably on the first anniversary of the grant date, March 31, 2027, and March 31, 2028.
- Exercise Price: Stock options have an exercise price of $213.66.
Outlook, Risks, and Management Commentary
The filing does not contain forward-looking guidance, general risk factors, or management commentary regarding business operations. The primary contingency noted is that performance-vesting awards will be forfeited if performance criteria are not met by the end of the performance period.
Investor Verification Checklist
- Verify the specific performance metrics (Return on Equity and Total Stockholder Return) defined in the full 2023 Equity Incentive Plan.
- Confirm the total number of shares authorized under the 2023 Equity Incentive Plan to assess dilution impact.
- Review the Company's most recent 10-K or 10-Q for current financial performance to contextualize the $213.66 stock price.
- Monitor future filings for the actual vesting outcomes at the end of the fiscal 2028 performance period.