MYR Group (MYRG) director has 1,786 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MYR Group Inc. director Kenneth Michael Hartwick reported a routine tax-related share disposition. On April 27, 1,786 shares of common stock were withheld at $346.37 per share to satisfy tax withholding obligations tied to previously granted Restricted Stock Units under the 2017 Long-Term Incentive Plan. Following this non-market transaction, he directly holds 22,131 MYR Group shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hartwick Kenneth Michael
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,786 | $346.37 | $619K |
Holdings After Transaction:
Common Stock — 22,131 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,786 shares
Withholding price per share: $346.37 per share
Shares owned after transaction: 22,131 shares
+1 more
4 metrics
Shares withheld for taxes
1,786 shares
Common Stock withheld for tax obligations on 2026-04-27
Withholding price per share
$346.37 per share
Value used for tax-withholding disposition
Shares owned after transaction
22,131 shares
Direct MYR Group holdings following tax withholding
Tax-withholding transactions
1 transaction, 1,786 shares
Form 4 transactionSummary for code F
Key Terms
Restricted Stock Units, tax withholding obligations, 2017 Long-Term Incentive Plan, non-employee director deferral program, +1 more
5 terms
Restricted Stock Units financial
"deferred payment of Restricted Stock Units granted pursuant to the Issuer's 2017 Long-Term Incentive Plan"
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.
tax withholding obligations financial
"shares of the Issuer's common stock withheld to satisfy tax withholding obligations in connection with the deferred payment"
2017 Long-Term Incentive Plan financial
"Restricted Stock Units granted pursuant to the Issuer's 2017 Long-Term Incentive Plan that vested on April 27, 2021"
non-employee director deferral program financial
"in accordance with the Reporting Person's election pursuant to the Issuer's non-employee director deferral program"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did MYR Group (MYRG) director Kenneth Hartwick report?
Kenneth Hartwick reported a tax-withholding disposition of 1,786 MYR Group common shares. The shares were withheld by the company to cover tax obligations related to vested Restricted Stock Units under its 2017 Long-Term Incentive Plan.
What equity awards triggered the MYR Group (MYRG) tax-withholding disposition?
The disposition stems from Restricted Stock Units granted under MYR Group’s 2017 Long-Term Incentive Plan. These RSUs vested on April 27, 2021, and were deferred under the non-employee director deferral program, leading to tax withholding when paid in shares.
What does transaction code "F" mean in the MYR Group (MYRG) Form 4 filing?
Transaction code "F" indicates payment of an exercise price or tax liability by delivering securities. In this MYR Group filing, it reflects shares withheld to satisfy tax withholding obligations, rather than a voluntary purchase or sale in the open market.