Form 4: Mayville Engineering Company Executive Ryan F. Raber Reports Stock Transactions
SEC Form 4
Ryan F. Raber, EVP of Strategy, Sales & Marketing at Mayville Engineering Company, reports acquisition of restricted stock units and details on existing stock options and ESOP holdings.
Summary
- Ryan F. Raber, an executive at Mayville Engineering Company, Inc. (MEC), filed a Form 4 detailing changes in beneficial ownership.
- The report indicates Raber acquired 52,950 restricted stock units on March 15, 2024, which will vest in equal installments over three years.
- Raber also holds 97,053 shares of common stock directly and 26,287 shares indirectly through an ESOP and/or 401(k) plan.
- The filing details various stock options held by Raber with exercise prices ranging from $7.12 to $17 and expiration dates extending to 2033.
- These options grant Raber the right to buy a total of 251,901 shares of common stock.
- Additionally, Raber holds 12,793 restricted stock units that will vest 50% on each of February 28, 2024 and February 28, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of restricted stock units aligns Raber's interests with the long-term performance of the company.
- The vesting schedules of the stock options and restricted stock units incentivize continued service and contribution to the company's success.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- The filing provides shareholders with information about executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/08/2020 | 50% vesting date for stock options with a $17 exercise price. |
| 05/08/2021 | Remaining 50% vesting date for stock options with a $17 exercise price. |
| 02/27/2021 | 50% vesting date for stock options with a $7.12 exercise price. |
| 02/27/2022 | Remaining 50% vesting date for stock options with a $7.12 exercise price. |
| 02/28/2022 | 50% vesting date for stock options with a $14.01 exercise price. |
| 02/28/2023 | Remaining 50% vesting date for stock options with a $14.01 exercise price and 50% vesting date for stock options with a $10.32 exercise price. |
| 02/28/2024 | Remaining 50% vesting date for stock options with a $10.32 exercise price, 50% vesting date for stock options with a $16.22 exercise price, and 50% vesting date for restricted stock units. |
| 03/15/2024 | Date of transaction for restricted stock units. |
| 02/28/2025 | Remaining 50% vesting date for stock options with a $16.22 exercise price and remaining 50% vesting date for restricted stock units. |
| 05/08/2029 | Expiration date for stock options with a $17 exercise price. |
| 02/27/2030 | Expiration date for stock options with a $7.12 exercise price. |
| 02/28/2031 | Expiration date for stock options with a $14.01 exercise price. |
| 02/28/2032 | Expiration date for stock options with a $10.32 exercise price. |
| 02/28/2033 | Expiration date for stock options with a $16.22 exercise price. |
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