Form 4: Mayville Engineering Company CFO Acquires Shares
SEC Form 4
Todd M. Butz, CFO of Mayville Engineering Company, recently acquired 1,272 shares of common stock at a price of $15.7853 per share.
Summary
- On November 7, 2024, Todd M. Butz, the Chief Financial Officer of Mayville Engineering Company, Inc. (MEC), acquired 1,272 shares of common stock at $15.7853 per share.
- Following this transaction, Butz directly owns 153,906 shares of MEC common stock.
- Butz also has indirect ownership of 40,998 shares through an ESOP and/or 401(k) plan.
- Butz also holds various stock options and restricted stock units that will vest over the coming years.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The CFO's purchase of shares is a positive sign, but it's a relatively small transaction and doesn't provide a definitive indication of the company's overall health.
Positives
- The CFO's purchase of shares could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely watched by investors as they can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- The CFO's stock purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/08/2020 | 50% vesting of stock options (39,127 shares at $17) |
| 05/08/2021 | Remaining 50% vesting of stock options (39,127 shares at $17) |
| 02/28/2022 | 50% vesting of stock options (39,683 shares at $14.01) |
| 02/28/2023 | 50% vesting of stock options (69,963 shares at $10.32) and remaining 50% vesting of stock options (39,683 shares at $14.01) |
| 02/28/2024 | 50% vesting of stock options (40,410 shares at $16.22) and 50% vesting of restricted stock units (11,560 units) and remaining 50% vesting of stock options (69,963 shares at $10.32) |
| 02/28/2025 | Remaining 50% vesting of stock options (40,410 shares at $16.22) and remaining 50% vesting of restricted stock units (11,560 units) |
| 03/15/2025 | 1/3 vesting of restricted stock units (52,841 units) |
| 03/15/2026 | 1/3 vesting of restricted stock units (52,841 units) |
| 03/15/2027 | 1/3 vesting of restricted stock units (52,841 units) |
| 05/08/2029 | Expiration date of stock options (39,127 shares at $17) |
| 02/28/2031 | Expiration date of stock options (39,683 shares at $14.01) |
| 02/28/2032 | Expiration date of stock options (69,963 shares at $10.32) |
| 02/28/2033 | Expiration date of stock options (40,410 shares at $16.22) |
| 11/07/2024 | Date of common stock purchase by Todd M. Butz |
| 11/08/2024 | Date of signature on the Form 4 filing |
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