Mister Car Wash Executive's Stock Move Signals Scheduled Vesting Event
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Joseph Duane Matheny, Chief Innovation Officer of Mister Car Wash, reported significant insider transactions on June 25-26, 2025:
- Acquired 5,000 shares through the vesting of Restricted Stock Units (RSUs) at $0 exercise price
- Subsequently sold 2,119 shares at $6.13 per share in a non-discretionary transaction to cover tax obligations
- Following these transactions, Matheny directly owns 91,077 shares
- Additionally holds indirect ownership of 45,000 shares through the Emersyn Matheny Irrevocable Trust
The RSUs vest in 5 equal annual installments starting June 25, 2022, contingent on continued service. This transaction represents a scheduled vesting event under the company's equity compensation plan, with automatic share sales for tax withholding purposes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,119 shares ($12,989)
Net Sell
4 txns
Insider
Matheny Joseph Duane
Role
Chief Innovation Officer
Sold
2,119 shs ($13K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,119 | $6.13 | $13K |
| Exercise | Restricted Stock Units | 5,000 | $0.00 | -- |
| Exercise | Common Stock | 5,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 91,077 shares (Direct);
Restricted Stock Units — 5,000 shares (Direct);
Common Stock — 45,000 shares (Indirect, Emersyn Matheny Irrevocable Trust)
Footnotes (1)
- The sales reported on this Form 4 represent shares automatically sold in a non-discretionary transaction to cover taxes and fees in connection with the vesting and settlement of restricted stock unit awards. Each Restricted Stock Unit ("RSU") represents a continent right to recieve one share of the Issuer's common stock upon vesting. This filing relates to the occurrence of a restricted stock unit vesting event. The restricted stock units vest in 5 equal installments beginning on June 25, 2022 subject to the Reporting Person's continued service to the Issuer through the applicable vesting dates. The RSUs do not have an expiration date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How many restricted stock units (RSUs) vested for MCW's Chief Innovation Officer in June 2025?
5,000 restricted stock units (RSUs) vested for Joseph Matheny, MCW's Chief Innovation Officer, on June 25, 2025. These RSUs were converted to common stock at a conversion rate of one share per RSU.
What is the total MCW stock ownership of Joseph Matheny after the June 2025 transactions?
After the reported transactions, Joseph Matheny owned 91,077 shares of MCW common stock directly, plus an additional 45,000 shares indirectly through the Emersyn Matheny Irrevocable Trust, for a total beneficial ownership of 136,077 shares.
What is the vesting schedule for MCW's restricted stock units granted to Joseph Matheny?
The restricted stock units vest in 5 equal annual installments beginning on June 25, 2022, subject to Matheny's continued service with Mister Car Wash. The RSUs do not have an expiration date.