Myers Industries director defers 6,250-share award
Myers Industries director Ronald M. DeFeo restructured part of his equity compensation by deferring a vested stock award into stock units rather than taking shares immediately.
Rhea-AI Filing Summary
Myers Industries director Ronald M. DeFeo restructured part of his equity compensation by deferring a vested stock award into stock units rather than taking shares immediately. He disposed of 6,250 shares of common stock back to the issuer in exchange for 6,250 restricted stock units that convert into common stock on a one-for-one basis.
After these transactions, DeFeo directly holds 59,788 shares of common stock and 6,250 restricted stock units. The stock units will be settled in an equal number of shares after he ceases to serve as a director, or as soon thereafter as reasonably practical.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DEFEO RONALD M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,250 | $0.00 | $0.00 |
| Disposition | Common Stock | 6,250 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 6,250 contracts (Direct);
Common Stock — 59,788 shares (Direct)
Footnotes (3)
- F1. Upon the vesting of restricted stock units granted to the reporting person on May 5, 2025, the reporting person deferred the receipt of shares of common stock for such award and instead received stock units. As a result, the reporting person is reporting the disposition of 6,250 shares of common stock in exchange for an equal number of restricted stock units. On the date that the reporting person ceases to be a director for any reason whatsoever, or as soon thereafter as is reasonably practical, the Issuer shall make a payment to the reporting person of one share for every stock unit then held by the reporting person as payment with respect to each such stock unit.
- F2. Restricted stock units convert into common stock on a one-for-one basis.
- F3. On May 5, 2025, the reporting person was awarded 6,250 restricted stock units with respect to the reporting person's service as a director of the Issuer commencing on that date until the 2026 Annual Meeting of Shareholders, at which time the reporting person's award vested. The reporting person deferred the receipt of common stock for such award and instead received stock units.
Key Figures
Shares disposed to issuer: 6,250 shares
Restricted stock units granted: 6,250 units
Common shares held after transaction: 59,788 shares
+2 more
5 metrics
Shares disposed to issuer
6,250 shares
Common Stock disposition on April 23, 2026
Restricted stock units granted
6,250 units
Award tied to director service commencing May 5, 2025
Common shares held after transaction
59,788 shares
Direct ownership following April 23, 2026 disposition
RSU conversion ratio
1 share per unit
Restricted stock units convert into common stock one-for-one
Director stock units payout trigger
Upon ceasing to be director
Shares delivered after board service ends or soon thereafter
Key Terms
Restricted Stock Units, disposition to issuer, stock units, Annual Meeting of Shareholders, +1 more
5 terms
Restricted Stock Units financial
"On May 5, 2025, the reporting person was awarded 6,250 restricted stock units..."
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.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
stock units financial
"deferred the receipt of shares of common stock for such award and instead received stock units."
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
one-for-one basis financial
"Restricted stock units convert into common stock on a one-for-one basis."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Myers Industries (MYE) director Ronald DeFeo report on this Form 4?
Ronald DeFeo reported an internal equity compensation change involving 6,250 shares. He returned 6,250 common shares to Myers Industries and received 6,250 restricted stock units that will later convert into common stock on a one-for-one basis.
Did Ronald DeFeo buy or sell Myers Industries (MYE) stock in the open market?
No, the filing shows no open-market buying or selling. DeFeo disposed of 6,250 shares back to the issuer and received 6,250 restricted stock units, reflecting a compensation deferral rather than a market trade.
What are the terms of Ronald DeFeo’s 6,250 restricted stock units in Myers Industries (MYE)?
The 6,250 restricted stock units convert into common stock on a one-for-one basis. They were awarded for DeFeo’s board service from May 5, 2025 until the 2026 Annual Meeting of Shareholders, when the award vested and was deferred into stock units.
Why does the Myers Industries (MYE) Form 4 show both a disposition and an acquisition for 6,250 units?
The disposition reflects 6,250 common shares being given up to the issuer, while the acquisition records 6,250 restricted stock units received in exchange. This mirrors DeFeo’s decision to defer a vested equity award into stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
