Director awarded 5,959 RSUs at Mayville Engineering (NYSE: MEC)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schyvinck Christine M. reported acquisition or exercise transactions in this Form 4 filing.
Mayville Engineering Company, Inc. reported that board chair and director Christine M. Schyvinck received a grant of 5,959 Director Restricted Stock Units. These units relate to an equal number of shares of common stock and were awarded as compensation, with no cash paid per unit.
According to the disclosure, the restricted stock units will vest 100% at the earlier of one year or the next annual shareholder meeting. After this grant, Schyvinck holds 5,959 director restricted stock units directly, reflecting a routine equity-based compensation award rather than an open-market share purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schyvinck Christine M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Restricted Stock Units | 5,959 | $0.00 | -- |
Holdings After Transaction:
Director Restricted Stock Units — 5,959 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 5,959 units
Price per unit: $0.00
Underlying common shares: 5,959 shares
+1 more
4 metrics
RSUs granted
5,959 units
Director Restricted Stock Units granted to Christine M. Schyvinck
Price per unit
$0.00
Reported transaction price per Director Restricted Stock Unit
Underlying common shares
5,959 shares
Common stock underlying the Director Restricted Stock Units
Holdings after grant
5,959 units
Total Director Restricted Stock Units held directly after transaction
Key Terms
Director Restricted Stock Units, Common Stock, annual shareholder meeting
3 terms
Director Restricted Stock Units financial
"reported that board chair and director Christine M. Schyvinck received a grant of 5,959 Director Restricted Stock Units"
Common Stock financial
"These units relate to an equal number of shares of common stock and were awarded as compensation"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did MEC report for Christine M. Schyvinck?
Mayville Engineering reported that director and board chair Christine M. Schyvinck received 5,959 Director Restricted Stock Units as a compensation grant. These units are tied to an equal number of MEC common shares and involve no cash purchase or sale in the market.
How many restricted stock units did the MEC director receive?
Christine M. Schyvinck received a grant of 5,959 Director Restricted Stock Units from Mayville Engineering. Each unit corresponds to one share of common stock, providing equity-based compensation that aligns the director’s interests with shareholders over the vesting period.
When do Christine Schyvinck’s MEC restricted stock units vest?
The restricted stock units granted to Christine Schyvinck vest 100% at the earlier of one year or the next annual shareholder meeting. This time-based vesting encourages continued board service before the underlying MEC common shares are fully delivered.
What is Christine Schyvinck’s MEC derivative holding after this grant?
Following the reported transaction, Christine Schyvinck directly holds 5,959 Director Restricted Stock Units. These derivative awards relate to 5,959 shares of MEC common stock, providing future share delivery once the vesting condition in the grant agreement is satisfied.