Director at MYR Group (NASDAQ: MYRG) receives 414 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MYR Group Inc. director Richard Aurelie Pascale received a grant of 414 Restricted Stock Units as equity compensation. Each unit represents a contingent right to receive one share of MYR Group common stock. These 414 units are scheduled to convert into 414 common shares on April 23, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Richard Aurelie Pascale
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK UNIT | 414 | $0.00 | -- |
Holdings After Transaction:
RESTRICTED STOCK UNIT — 414 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted Stock Units granted: 414 units
Underlying common shares: 414 shares
RSU conversion date: April 23, 2027
+1 more
4 metrics
Restricted Stock Units granted
414 units
Award to director Richard Aurelie Pascale
Underlying common shares
414 shares
Shares deliverable upon RSU conversion
RSU conversion date
April 23, 2027
Scheduled conversion of RSUs into common stock
RSU grant price
$0.0000 per unit
Equity compensation, no cash paid by director
Key Terms
Restricted Stock Unit, 2017 Long-Term Incentive Plan, contingent right
3 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ... represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2017 Long-Term Incentive Plan financial
"awarded pursuant to the Issuer's 2017 Long-Term Incentive Plan"
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
FAQ
What insider transaction did MYR Group (MYRG) report for Richard Aurelie Pascale?
MYR Group reported that director Richard Aurelie Pascale received a grant of 414 Restricted Stock Units. These equity awards were issued at no cash cost and represent a contingent right to receive MYR Group common shares in the future, subject to the plan’s terms.
How many Restricted Stock Units were granted in this MYR Group Form 4?
The filing shows a grant of 414 Restricted Stock Units to director Richard Aurelie Pascale. Each unit corresponds to one share of MYR Group common stock, providing future share delivery rather than an immediate stock purchase or sale in the open market.
When will Richard Aurelie Pascale’s MYR Group Restricted Stock Units convert into shares?
According to the filing footnote, the 414 Restricted Stock Units will convert into 414 shares of MYR Group common stock on April 23, 2027. This future conversion date ties the award to a multi-year timeframe under the company’s long-term incentive plan.
What does each MYR Group Restricted Stock Unit represent in this filing?
Each Restricted Stock Unit represents a contingent right to receive one share of MYR Group common stock. The award was granted under the company’s 2017 Long-Term Incentive Plan and is scheduled to convert into 414 common shares on April 23, 2027, assuming plan conditions are met.