Mayville Engineering (MEC) director exercises 10,331 units, granted 5,959 RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,331 shares exercised/converted
Mixed
3 txns
Insider
McCormick Robert L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Restricted Stock Units | 10,331 | $0.00 | -- |
| Grant/Award | Director Restricted Stock Units | 5,959 | $0.00 | -- |
| Exercise | Common Stock | 10,331 | $0.00 | -- |
Holdings After Transaction:
Director Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 29,078 shares (Direct, null)
Footnotes (1)
- The restricted stock units vested 100% one year from the grant date. The restricted stock units will vest 100% at the earlier of one year or the next annual shareholder meeting.
Key Figures
Common shares acquired via RSU exercise: 10,331 shares
Common shares held after transaction: 29,078 shares
New Director RSU grant: 5,959 units
+2 more
5 metrics
Common shares acquired via RSU exercise
10,331 shares
Director Restricted Stock Units exercised on April 21, 2026
Common shares held after transaction
29,078 shares
Direct ownership following April 21, 2026 exercise
New Director RSU grant
5,959 units
Grant of Director Restricted Stock Units on April 21, 2026
Underlying shares for new RSUs
5,959 shares
Each RSU represents one share of Common Stock
RSUs exercised
10,331 units
Director Restricted Stock Units converted into Common Stock
Key Terms
Director Restricted Stock Units, Exercise or conversion of derivative security, Grant, award, or other acquisition, vest 100% one year from the grant date, +1 more
5 terms
Director Restricted Stock Units financial
"security_title": "Director Restricted Stock Units""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
vest 100% one year from the grant date financial
"The restricted stock units vested 100% one year from the grant date."
FAQ
What insider activity did Mayville Engineering (MEC) disclose for Robert L. McCormick?
Mayville Engineering reported that director Robert L. McCormick exercised director restricted stock units into 10,331 shares of Common Stock and received a new grant of 5,959 Director Restricted Stock Units on the same date, reflecting routine equity-based director compensation activity.
What type of securities did Robert L. McCormick exercise and receive from Mayville Engineering (MEC)?
Robert L. McCormick exercised Director Restricted Stock Units into 10,331 shares of Mayville Engineering Common Stock and received a new grant of 5,959 Director Restricted Stock Units, a form of equity compensation that typically converts into Common Stock when vesting conditions are satisfied.
How do the new Director Restricted Stock Units for Mayville Engineering (MEC) vest?
Footnotes explain that certain Mayville Engineering Director Restricted Stock Units vest 100% one year from the grant date, or 100% at the earlier of one year or the next annual shareholder meeting. Vesting must occur before they convert into Common Stock for the director.
Were there any open-market buys or sells by Robert L. McCormick in Mayville Engineering (MEC)?
The Form 4 shows no open-market purchases or sales. All transactions are coded as derivative exercises (M) or grants (A) involving Director Restricted Stock Units and related Common Stock, indicating compensation-related equity activity rather than discretionary market trading.