Form 4: Mayville Engineering Company CFO Todd Butz Reports Stock Transactions
SEC Form 4
Todd Butz, CFO of Mayville Engineering Company, reports the vesting and disposition of restricted stock units and stock options.
Summary
- Todd M. Butz, the Chief Financial Officer of Mayville Engineering Company, Inc. (MEC), filed a Form 4 on March 1, 2024, reporting transactions that occurred on February 28, 2024.
- These transactions involved the vesting of restricted stock units and the disposition of shares to cover tax obligations.
- Butz disposed of 9,512 shares of common stock at a price of $11.97 to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following these transactions, Butz directly owns 124,596 shares of common stock and indirectly owns 39,726 shares through an ESOP and/or 401(k) plan.
- He also holds various stock options with exercise prices ranging from $7.12 to $17, and restricted stock units that will vest in the future.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company insider. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 02/27/2022 | Date options vest 50%. |
| 02/28/2022 | Date options vest 50%. |
| 02/27/2021 | Date options vest 50%. |
| 02/28/2023 | Date restricted stock units and options vest 50%. |
| 05/08/2020 | Date options vest 50%. |
| 05/08/2021 | Date options vest 50%. |
| 02/28/2024 | Date of transactions: vesting of restricted stock units and disposition of shares for tax obligations; Date restricted stock units and options vest 50%. |
| 02/28/2025 | Date restricted stock units vest 50%. |
| 05/08/2029 | Expiration date of stock options. |
| 02/28/2031 | Expiration date of stock options. |
| 02/28/2032 | Expiration date of stock options. |
| 02/28/2033 | Expiration date of stock options. |
| 03/01/2024 | Date of Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.