MEC (MEC) CEO Reddy sells 1,300 shares, retains large stock and RSU stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mayville Engineering Company, Inc. President & CEO Jagadeesh A. Reddy reported an open-market sale of 1,300 shares of MEC common stock at a weighted average price of about $35.01 per share on June 8, 2026. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025, meaning the trades were scheduled in advance.
After this sale, he directly holds 139,793 MEC common shares. He also has indirect holdings of 380 shares held by his daughter and 2,300 shares through an ESOP and/or 401(k) plan. In addition, he retains stock options covering 88,901 common shares at an exercise price of $16.22, plus several restricted stock unit awards tied to 74,986, 55,284 and 36,317 underlying common shares that vest in equal annual installments between March 15, 2025 and March 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,300 shares ($45,510)
Net Sell
7 txns
Insider
Reddy Jagadeesh A
Role
President & CEO
Sold
1,300 shs ($46K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,300 | $35.0077 | $46K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 139,793 shares (Direct, null);
Restricted Stock Units — 36,317 shares (Direct, null);
Stock Option (right to buy) — 88,901 shares (Direct, null);
Common Stock — 2,300 shares (Indirect, by ESOP and/or 401(k) Plan)
Footnotes (1)
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2025. The price in Column 4 is a weighted average price. The prices actually received ranged from $35.00 to $35.02. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. Reflects the most recent ESOP and 401(k) balance. 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
Shares sold: 1,300 shares
Weighted average sale price: $35.0077 per share
Direct common shares after sale: 139,793 shares
+5 more
8 metrics
Shares sold
1,300 shares
Open-market sale on June 8, 2026
Weighted average sale price
$35.0077 per share
Open-market sale range $35.00–$35.02
Direct common shares after sale
139,793 shares
CEO direct ownership following transaction
Indirect holdings by daughter
380 shares
Common stock held indirectly
ESOP/401(k) holdings
2,300 shares
Most recent ESOP and 401(k) balance
Stock option underlying shares
88,901 shares
Option with $16.22 exercise price
RSU award underlying shares 1
74,986 shares
Vesting in thirds 2025–2027
RSU award underlying shares 2
55,284 shares
Vesting in thirds 2026–2028
Key Terms
Rule 10b5-1 trading plan, restricted stock units, ESOP, 401(k) Plan, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
restricted stock units financial
"The restricted stock units will vest 1/3 on each of March 15"
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.
ESOP financial
"Reflects the most recent ESOP and 401(k) balance."
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) Plan financial
"by ESOP and/or 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
weighted average price financial
"The price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
stock option (right to buy) financial
"Stock Option (right to buy)"
FAQ
What insider transaction did MEC CEO Jagadeesh Reddy report in this Form 4?
MEC President & CEO Jagadeesh A. Reddy reported selling 1,300 shares of Mayville Engineering common stock at a weighted average price of $35.0077 per share. The transaction was an open-market sale executed on June 8, 2026 under a pre-arranged Rule 10b5-1 trading plan.
What is the significance of the Rule 10b5-1 trading plan mentioned in the MEC Form 4?
The filing states the sale was made under a Rule 10b5-1 trading plan adopted on December 12, 2025. Such plans pre-schedule trades, helping separate routine portfolio management from discretionary timing decisions, and can reduce the informational value of the exact trade date for outside investors.
What stock options and RSUs does the MEC CEO retain after this transaction?
The CEO retains stock options over 88,901 common shares at a $16.22 exercise price and multiple restricted stock unit awards over 74,986, 55,284 and 36,317 shares. The RSUs vest in equal one-third installments on March 15 dates from 2025 through 2029, subject to their terms.