Mayville Engineering (MEC) director adds 5,959 deferred stock units as equity compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kent Jennifer J. reported acquisition or exercise transactions in this Form 4 filing.
Mayville Engineering Company, Inc. director Jennifer J. Kent reported a compensation-related equity change. She received a grant of 5,959 Director Deferred Stock Units, each corresponding to one share of common stock, at a stated price of $0.0000 per unit.
These deferred units will be settled in common stock upon her retirement or separation from the company, and the balance includes vested RSUs that she has chosen to defer. After these updates, she holds 24,982 shares of common stock directly and 30,775 deferred stock units linked to common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kent Jennifer J.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Director Deferred Stock Units | 5,959 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Director Deferred Stock Units — 30,775 shares (Direct, null);
Common Stock — 24,982 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Deferred stock units granted: 5,959 units
Deferred units after grant: 30,775 units
Common shares held: 24,982 shares
+2 more
5 metrics
Deferred stock units granted
5,959 units
Director Deferred Stock Units granted to Jennifer J. Kent
Deferred units after grant
30,775 units
Total Director Deferred Stock Units following transaction
Common shares held
24,982 shares
Direct MEC common stock holdings after reported update
Grant price per unit
$0.0000 per unit
Stated price for Director Deferred Stock Units grant
Conversion price
$0.0000
Conversion or exercise price for deferred stock units
Key Terms
Director Deferred Stock Units, RSUs, deferred, grant/award acquisition
4 terms
Director Deferred Stock Units financial
"Director Deferred Stock Units, each corresponding to one share of common stock"
RSUs financial
"The balance includes vested RSUs that were deferred by the reporting person"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
deferred financial
"vested RSUs that were deferred by the reporting person"
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
FAQ
What insider transaction did Mayville Engineering (MEC) director Jennifer J. Kent report?
Director Jennifer J. Kent reported receiving a grant of 5,959 Director Deferred Stock Units. These units are a form of equity compensation tied to MEC common stock and increase her deferred equity holdings without involving an open-market share purchase or sale.
How many Mayville Engineering (MEC) deferred stock units does Jennifer J. Kent now hold?
After the reported grant, Jennifer J. Kent holds 30,775 Director Deferred Stock Units. This total includes the newly granted 5,959 units and previously vested RSUs she deferred, all scheduled to settle in MEC common stock at retirement or separation.
What are Director Deferred Stock Units in the Mayville Engineering (MEC) Form 4?
Director Deferred Stock Units are derivative equity awards tied to MEC common stock. They represent a right to receive shares in the future, typically when the director retires or separates, allowing compensation to be deferred instead of taking immediate stock or cash.
When will Jennifer J. Kent’s deferred RSUs and Director Deferred Stock Units in MEC be settled?
According to the footnote, the vested RSUs and related deferred units will be settled upon her retirement or separation from Mayville Engineering. Until then, they remain deferred, representing future rights to receive MEC common stock rather than current shares.