Eagle Materials director Michael R. Nicolais disposed of 1,577 shares worth approximately $336,279 on June 17, 2026, according to an SEC filing. The transaction was non-discretionary, executed solely to fund the exercise price of non-qualified stock options, and reduced his direct holdings by 3% to 52,862 shares. Nicolais also retains 4,000 derivative securities, maintaining significant exposure to the company. The filing comes as Eagle Materials reported record fiscal 2026 revenue of $2.3 billion, though net earnings fell 9% to $423.8 million, with its cement and aggregates segment growing about 10% to $1.43 billion while wallboard dropped 9% to $881.4 million.
Eagle Materials IncDirector disposed shares via option exercise, but it's non-discretionary and he retains significant exposure; mixed with record revenue but falling earnings.