STOCK TITAN

15,688 RSUs proposed for sale — MEC (NYSE: MEC) with recent 10b5-1 trades

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

MEC notice of a proposed sale of 15,688 shares of Common Stock issued as Restricted Stock Units, dated 07/19/2024. The filing lists these securities as Restricted Stock Units allocated by the issuer.

The filing also discloses recent 10b5-1 sales by Jagadeesh A Reddy: 1,300 shares on 06/08/2026 for $45,510.01, 17,294 shares on 06/01/2026 for $518,821.73, and 21,796 shares on 05/07/2026 for $564,995.91.

Positive

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Insights

Rule 144 notice reports proposed resale of 15,688 RSU shares and recent 10b5-1 dispositions.

The filing lists 15,688 shares of Common Stock as Restricted Stock Units with an effective date of 07/19/2024. This is a notice of intent to sell under resale exemptions and does not itself complete any sale.

It also itemizes three 10b5-1 sales by Jagadeesh A Reddy on 05/07/2026, 06/01/2026, and 06/08/2026, showing per-sale share counts and gross proceeds. Cash-flow treatment and whether the proposed RSU resale has closed are not stated in the excerpt.

RSUs to be sold 15,688 shares Restricted Stock Units dated 07/19/2024
10b5-1 sale (06/08/2026) 1,300 shares Gross proceeds $45,510.01
10b5-1 sale (06/01/2026) 17,294 shares Gross proceeds $518,821.73
10b5-1 sale (05/07/2026) 21,796 shares Gross proceeds $564,995.91
Restricted Stock Units financial
"Securities To Be Sold | Common | 07/19/2024 | Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for JAGADEESH A REDDY ... Common | 06/08/2026"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Rule 144 regulatory
"Form type indicated as 144: Filer Information"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does MEC's Rule 144 filing for 15,688 RSUs mean?

It is a notice of proposed resale of 15,688 shares granted as Restricted Stock Units. The filing signals intent to rely on resale rules; it does not confirm a completed sale or proceeds.

Who executed 10b5-1 sales disclosed in the MEC filing?

Jagadeesh A Reddy executed the 10b5-1 sales. The excerpt shows sales of 21,796, 17,294, and 1,300 shares on the listed dates with gross proceeds shown.

What were the proceeds from recent 10b5-1 sales in the MEC filing?

The excerpt reports gross proceeds of $564,995.91, $518,821.73, and $45,510.01 for the listed 10b5-1 sales. Each figure is tied to the sale dates shown in the filing.

Are the 15,688 RSU shares already sold according to the filing?

The filing lists 15,688 RSUs as securities to be sold with date 07/19/2024. The excerpt provides a notice of proposed sale; it does not state whether the sale has occurred or closed.