Mayville Engineering director exercises and receives RSUs
Mayville Engineering Company director Robert L. McCormick reported routine equity compensation activity.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Mayville Engineering Company director Robert L. McCormick reported routine equity compensation activity. He exercised director restricted stock units covering 10,331 shares of Common Stock, resulting in direct ownership of 29,078 Common shares after the transaction.
On the same date, he received a grant of 5,959 Director Restricted Stock Units, each representing a right to receive one share of Common Stock. Footnotes state that some restricted stock units vest 100% one year from the grant date or at the earlier of one year or the next annual shareholder meeting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Restricted Stock Units | 10,331 | $0.00 | $0.00 |
| Grant/Award | Director Restricted Stock Units | 5,959 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,331 | $0.00 | $0.00 |
Footnotes (2)
- F1. The restricted stock units vested 100% one year from the grant date.
- F2. The restricted stock units will vest 100% at the earlier of one year or the next annual shareholder meeting.
Key Figures
Key Terms
Director Restricted Stock Units financial
Exercise or conversion of derivative security financial
Grant, award, or other acquisition financial
vest 100% one year from the grant date financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Mayville Engineering (MEC) disclose for Robert L. McCormick?
What type of securities did Robert L. McCormick exercise and receive from Mayville Engineering (MEC)?
How do the new Director Restricted Stock Units for Mayville Engineering (MEC) vest?
Were there any open-market buys or sells by Robert L. McCormick in Mayville Engineering (MEC)?
AI-generated analysis. How Rhea-AI works. Not financial advice.