Form 4: Mayville Engineering Company Executive Rachele Marie Lehr Reports Stock Transactions

Rachele Marie Lehr, Chief Human Resources Officer at Mayville Engineering Company, reports the vesting and subsequent tax withholding of restricted stock units and stock options.

Summary

• On February 28, 2024, Rachele Marie Lehr, Chief Human Resources Officer of Mayville Engineering Company, Inc. (MEC), reported transactions involving common stock and restricted stock units.
• Lehr acquired 8,854 shares of common stock upon the vesting of restricted stock units.
• Simultaneously, 2,833 shares were disposed of to cover tax obligations at a price of $11.97 per share.
• The transactions also involved the vesting of 1,771 and 7,083 restricted stock units, and stock options for 24,814 common shares.
• Following these transactions, Lehr directly owns 6,021 shares of common stock, 1,771 and 7,082 restricted stock units, and options to buy 24,814 common shares.

Sentiment

Score: 5

Explanation: This Form 4 filing reflects routine transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The restricted stock units and stock options will continue to vest in the future, potentially leading to further transactions.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders, as they involve a relatively small number of shares.
• The transactions are part of the executive's compensation package, impacting their personal financial situation.

Key Dates