MEC (MEC) SVP Sean Leuba reports 1,015-share gift and option, RSU holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mayville Engineering Company, Inc. senior vice president, general counsel and secretary Sean P. Leuba reported a bona fide gift of 1,015 shares of common stock on May 8, 2026. After the gift, he directly holds 19,488 common shares.
He also holds a stock option linked to 21,552 common shares at an exercise price of $16.22 per share, expiring February 28, 2033. In addition, he has multiple restricted stock unit awards covering 13,498, 9,292 and 7,263 underlying shares of common stock, which vest in equal annual installments on specified March 15 vesting dates from 2025 through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,015 shares gifted
Mixed
5 txns
Insider
Leuba Sean P
Role
SVP, GC & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,015 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 19,488 shares (Direct, null);
Restricted Stock Units — 7,263 shares (Direct, null);
Stock Option (right to buy) — 21,552 shares (Direct, null)
Footnotes (1)
- The restricted stock units will vest 1/3 on each of March 15, 2025, 2026 and 2027. The restricted stock units will vest 1/3 on each of March 15, 2026, 2027 and 2028. The restricted stock units will vest 1/3 on each of March 15, 2027, 2028 and 2029. The options will vest 50% on each of February 28, 2024 and February 28, 2025.
Key Figures
Gifted shares: 1,015 shares
Post-gift common shares: 19,488 shares
Option underlying shares: 21,552 shares
+4 more
7 metrics
Gifted shares
1,015 shares
Bona fide gift of common stock on May 8, 2026
Post-gift common shares
19,488 shares
Direct common stock holdings after gift
Option underlying shares
21,552 shares
Stock option on common stock expiring February 28, 2033
Option exercise price
$16.22 per share
Exercise price for 21,552-share stock option
RSU grant 1
13,498 shares
RSUs vesting one-third on March 15, 2025, 2026 and 2027
RSU grant 2
9,292 shares
RSUs vesting one-third on March 15, 2026, 2027 and 2028
RSU grant 3
7,263 shares
RSUs vesting one-third on March 15, 2027, 2028 and 2029
Key Terms
Restricted Stock Units, bona fide gift, Stock Option (right to buy), vest
4 terms
Restricted Stock Units financial
"The restricted stock units will vest 1/3 on each of March 15, 2025, 2026 and 2027."
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.
bona fide gift financial
"transaction_code_description: "Bona fide gift" for the 1,015-share common stock transfer."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)" with a $16.22 exercise price."
vest financial
"The restricted stock units will vest 1/3 on each of March 15, 2027, 2028 and 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did MEC executive Sean P. Leuba report on this Form 4?
Sean P. Leuba reported a bona fide gift of 1,015 shares of Mayville Engineering common stock. This non-cash disposition transfers ownership without sale proceeds and reflects a personal transfer rather than a market trade in MEC shares.
What stock options does MEC executive Sean P. Leuba hold according to this filing?
Sean P. Leuba holds a stock option covering 21,552 shares of Mayville Engineering common stock at a $16.22 exercise price. The option vests 50% on February 28, 2024 and 50% on February 28, 2025, and expires on February 28, 2033.
What restricted stock units (RSUs) are reported for Sean P. Leuba at MEC?
He holds RSU awards tied to 13,498, 9,292 and 7,263 underlying shares of Mayville Engineering common stock. These RSUs vest in one-third installments on March 15 dates spanning 2025 to 2029, as described in the accompanying footnotes.
Does this MEC Form 4 show any open-market buys or sells by Sean P. Leuba?
The Form 4 does not report any open-market purchases or sales. It shows a bona fide gift of 1,015 common shares and several derivative and RSU holdings, with no transactions marked as open-market buys or sells.