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MYR Group (MYRG) director reports RSU vesting and new 591-unit grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MYR Group Inc. director Kenneth Michael Hartwick reported routine equity compensation activity. On April 24, 2026, 1,657 Restricted Stock Units granted under the 2017 Long-Term Incentive Plan vested and were settled into an equal number of common shares, with payment deferred under the non-employee director deferral program.

Hartwick also received a new award of 591 Restricted Stock Units, each representing a contingent right to one common share. These units are scheduled to convert into 591 shares on April 23, 2027, with payment likewise deferred. Following these transactions, he directly holds 23,917 shares of MYR Group common stock.

Positive

  • None.

Negative

  • None.
Insider Hartwick Kenneth Michael
Role null
Type Security Shares Price Value
Exercise RESTRICTED STOCK UNIT 1,657 $0.00 --
Grant/Award RESTRICTED STOCK UNIT 591 $0.00 --
Exercise Common Stock 1,657 $0.00 --
Holdings After Transaction: RESTRICTED STOCK UNIT — 0 shares (Direct, null); Common Stock — 23,917 shares (Direct, null)
Footnotes (1)
  1. These Restricted Stock Units, which were awarded on April 24, 2025 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vested on April 24, 2026 and were settled in shares of the Issuer's common stock on a one-for-one basis. The payment of such shares has been deferred in accordance with the Reporting Person's election pursuant to the Issuer's non-employee director deferral program. 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. Restricted Stock Units will be converted into 591 shares of the Issuer's common stock on April 23, 2027, and the payment of such shares will be deferred in accordance with the Reporting Person's election pursuant to the Issuer's non-employee director deferral program.
RSUs vested 1,657 units Vested and settled into common shares on April 24, 2026
New RSU grant 591 units Awarded as Restricted Stock Units scheduled to convert on April 23, 2027
Shares after transactions 23,917 shares Direct MYR Group common stock holdings following reported transactions
Conversion ratio 1 RSU : 1 share Both RSU awards convert to common stock on a one-for-one basis
Restricted Stock Unit financial
"These Restricted Stock Units, which were awarded on April 24, 2025 pursuant to the Issuer's 2017 Long-Term Incentive Plan"
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 on April 24, 2025 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vested on April 24, 2026"
non-employee director deferral program financial
"The payment of such shares has been deferred in accordance with the Reporting Person's election pursuant to the Issuer's non-employee director deferral program"
contingent right financial
"Each Restricted Stock Unit, awarded pursuant to the Issuer's 2017 Long-Term Incentive Plan, represents a contingent right to receive one share"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hartwick Kenneth Michael
(Last)(First)(Middle)
MYR GROUP INC.
12121 GRANT STREET, SUITE 610
(Street)
THORNTON COLORADO 80241
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
MYR GROUP INC. [ MYRG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock04/24/2025M1,657(1)A(1)23,917D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
RESTRICTED STOCK UNIT(2)04/23/2026A591 (2) (2)Common Stock591$0591D
RESTRICTED STOCK UNIT(1)04/24/2026M1,65704/24/2026(1)04/24/2026(1)Common Stock1,657$00D
Explanation of Responses:
1. These Restricted Stock Units, which were awarded on April 24, 2025 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vested on April 24, 2026 and were settled in shares of the Issuer's common stock on a one-for-one basis. The payment of such shares has been deferred in accordance with the Reporting Person's election pursuant to the Issuer's non-employee director deferral program.
2. 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. Restricted Stock Units will be converted into 591 shares of the Issuer's common stock on April 23, 2027, and the payment of such shares will be deferred in accordance with the Reporting Person's election pursuant to the Issuer's non-employee director deferral program.
Remarks:
/s/ William F. Fry as Attorney-in-Fact for Kenneth Michael Hartwick04/27/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did Kenneth Michael Hartwick report at MYR Group (MYRG)?

Hartwick reported routine equity compensation activity, including vesting of 1,657 Restricted Stock Units into common shares and a new grant of 591 units. Both grants are under MYR Group’s 2017 Long-Term Incentive Plan and use the company’s non-employee director deferral program.

How many MYR Group shares did Hartwick receive from vested Restricted Stock Units?

Hartwick’s 1,657 Restricted Stock Units vested and were settled into 1,657 MYR Group common shares on a one-for-one basis. Although the units converted, payment of these shares has been deferred according to his election under the non-employee director deferral program.

What are the terms of Hartwick’s new 591 Restricted Stock Units at MYR Group?

Each of the 591 Restricted Stock Units represents a contingent right to one MYR Group common share. They are scheduled to convert into 591 shares on April 23, 2027, with payment of the shares deferred under the company’s non-employee director deferral program.

How many MYR Group common shares does Hartwick hold after these transactions?

After the reported Form 4 transactions, Hartwick directly holds 23,917 MYR Group common shares. This figure reflects his position following the conversion of 1,657 Restricted Stock Units into common stock and the recording of his new 591-unit restricted stock award.

What is MYR Group’s non-employee director deferral program mentioned in Hartwick’s filing?

The non-employee director deferral program allows directors to defer payment of shares received from vested Restricted Stock Units. In Hartwick’s case, both the 1,657 vested units and the 591 units scheduled to convert in 2027 will have share payments deferred according to his prior election.

Under which plan were Hartwick’s MYR Group Restricted Stock Units granted?

Both the 1,657 vested Restricted Stock Units and the 591 newly awarded units were granted under MYR Group’s 2017 Long-Term Incentive Plan. This plan governs equity-based awards to eligible participants, including non-employee directors like Hartwick, using common stock as the underlying security.