Myers Industries (NYSE: MYE) grants RSU and PSU awards to SVP and CLO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Potts Karen reported acquisition or exercise transactions in this Form 4 filing.
Myers Industries reported that SVP and CLO Karen Potts received equity awards on March 9, 2026. She was granted 6,745 restricted stock units, which vest in three equal annual installments on March 16, 2027, 2028, and 2029. She also received 6,745 performance stock units, each representing a right to one share of common stock based on cumulative adjusted earnings per share over a three-year period ending December 31, 2028, with a modifier tied to relative total shareholder return.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Potts Karen
Role
SVP and CLO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,745 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 6,745 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,745 shares (Direct);
Performance Stock Units — 6,745 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. On March 9, 2026, the reporting person was granted 6,745 restricted stock units, vesting in three equal annual installments on March 16, 2027, March 16, 2028, and March 16, 2029. Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock based upon the Issuer's cumulative adjusted earnings per share over a three-year performance period ending December 31, 2028, subject to a modifier based on relative total shareholder return.
FAQ
What insider transaction did Myers Industries (MYE) report for Karen Potts?
Myers Industries reported that SVP and CLO Karen Potts received equity awards. She was granted restricted stock units and performance stock units that each represent rights to receive common shares, subject to time-based vesting and performance conditions over several years.
How many restricted stock units did Karen Potts receive from Myers Industries (MYE)?
Karen Potts received 6,745 restricted stock units. These units vest in three equal annual installments on March 16, 2027, March 16, 2028, and March 16, 2029, providing time-based incentive compensation linked to continued service with Myers Industries.
What are the vesting terms of Karen Potts’ restricted stock units at Myers Industries (MYE)?
The restricted stock units vest in three equal annual installments. Vesting dates are March 16, 2027, March 16, 2028, and March 16, 2029, meaning one-third of the award converts into common stock on each of those scheduled dates.
How many performance stock units did Karen Potts receive from Myers Industries (MYE)?
Karen Potts received 6,745 performance stock units. Each unit represents a contingent right to one share of common stock, with the number ultimately earned dependent on financial performance and a relative total shareholder return modifier over a defined period.
What performance period applies to Karen Potts’ performance stock units at Myers Industries (MYE)?
The performance stock units are tied to a three-year performance period ending December 31, 2028. Payout depends on Myers Industries’ cumulative adjusted earnings per share over that period, adjusted by a modifier based on relative total shareholder return.
Do the Myers Industries (MYE) equity awards to Karen Potts involve immediate cash transactions?
The reported awards are stock-based grants, not open-market cash purchases or sales. Each restricted stock unit or performance stock unit represents a right to receive common shares in the future, subject to vesting or performance conditions rather than immediate cash payments.