MYR Group SVP exercises RSUs, receives new grant
Rhea-AI Filing Summary
MYR Group Inc. senior vice president and COO C&I Don A. Egan reported routine equity compensation activity. On March 21–23, he exercised restricted stock units that had vested under the company’s 2017 Long-Term Incentive Plan, converting 1,570 RSUs into the same number of shares of common stock at no exercise price. To cover related tax obligations, a total of 665 shares of common stock were withheld at prices of 259.68 and 274.39 per share, which is a tax payment mechanism rather than an open-market sale. He also received a new award of 1,202 RSUs that vest ratably over three years, each representing one future share of common stock. After these transactions, Egan directly holds 7,858 shares of common stock and 1,202 RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | RESTRICTED STOCK UNIT | 515 | $0.00 | $0.00 |
| Grant/Award | RESTRICTED STOCK UNIT | 1,202 | $0.00 | $0.00 |
| Exercise | Common Stock | 515 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 226 | $274.39 | $62K |
| Exercise | RESTRICTED STOCK UNIT | 347 | $0.00 | $0.00 |
| Exercise | Common Stock | 347 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 152 | $259.68 | $39K |
| Exercise | RESTRICTED STOCK UNIT | 708 | $0.00 | $0.00 |
| Exercise | Common Stock | 708 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 287 | $259.68 | $75K |
Footnotes (5)
- F1. These Restricted Stock Units, which were awarded on March 21, 2025 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vest ratably over three years and were settled in shares of the Issuer's common stock on a one-for-one basis.
- F2. Represents shares of the Issuer's common stock withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units granted pursuant to the Issuer's 2017 Long-Term Incentive Plan.
- F3. These Restricted Stock Units, which were awarded on March 22, 2024 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vest ratably over three years and were settled in shares of the Issuer's common stock on a one-for-one basis.
- F4. These Restricted Stock Units, which were awarded on March 23, 2023 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vest ratably over three years and were settled in shares of the Issuer's common stock on a one-for-one basis.
- F5. Each Restricted Stock Unit, awarded pursuant to the Issuer's 2017 Long-Term Incentive Plan, represents a contingent right to receive one share of the Issuer's common stock. The Restricted Stock Units vest ratably over three years beginning on the first anniversary of the grant date.
FAQ
What did MYR Group (MYRG) executive Don A. Egan report on this Form 4?
How many MYR Group (MYRG) restricted stock units did Don A. Egan exercise?
What new equity award did Don A. Egan receive from MYR Group (MYRG)?
What are Don A. Egan’s MYR Group (MYRG) holdings after these transactions?
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