Form 4: Mayville Engineering Company Executive Exercises Stock Options and Disposes of Shares
SEC Form 4 Filing
Ryan F. Raber, EVP of Strategy, Sales & Marketing at Mayville Engineering Company, exercised stock options and disposed of shares to cover tax obligations.
Summary
- On August 22, 2024, Ryan F. Raber, EVP of Strategy, Sales & Marketing at Mayville Engineering Company, Inc. (MEC), executed transactions involving the company's stock.
- Raber exercised stock options to acquire 58,979 shares of common stock at a price of $0.
- Simultaneously, Raber disposed of 37,471 shares of common stock at a price of $19.15 to satisfy tax obligations related to the option exercise.
- Following these transactions, Raber directly owns 118,561 shares of MEC common stock and indirectly owns 26,287 shares through an ESOP and/or 401(k) plan.
- Raber also holds various stock options and restricted stock units that will vest over the next several years.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. The filing provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard executive compensation activity.
Key Dates
| Date | Description |
|---|---|
| 02/27/2021 | 50% vesting date for some stock options. |
| 02/27/2022 | 50% vesting date for some stock options. |
| 02/28/2022 | 50% vesting date for some stock options. |
| 02/28/2023 | 50% vesting date for some stock options. |
| 05/08/2020 | 50% vesting date for some stock options. |
| 05/08/2021 | 50% vesting date for some stock options. |
| 08/22/2024 | Date of stock option exercise and share disposal. |
| 02/28/2024 | 50% vesting date for some stock options and restricted stock units. |
| 02/28/2025 | 50% vesting date for some stock options and restricted stock units. |
| 03/15/2025 | 1/3 vesting date for some restricted stock units. |
| 03/15/2026 | 1/3 vesting date for some restricted stock units. |
| 03/15/2027 | 1/3 vesting date for some restricted stock units. |
| 05/08/2029 | Expiration date for some stock options. |
| 02/27/2030 | Expiration date for some stock options. |
| 02/28/2031 | Expiration date for some stock options. |
| 02/28/2032 | Expiration date for some stock options. |
| 02/28/2033 | Expiration date for some stock options. |
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