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 the vesting and disposal of restricted stock units and stock options.
Summary
- On February 28, 2024, Ryan F. Raber, EVP of Strategy, Sales & Marketing at Mayville Engineering Company, Inc. [MEC], reported transactions involving common stock and derivative securities.
- Raber disposed of 10,527 shares of common stock at a price of $11.97.
- He also acquired 32,899 shares of common stock.
- Following these transactions, Raber directly owns 97,053 shares of common stock and indirectly owns 26,287 shares through an ESOP and/or 401(k) plan.
- He also exercised restricted stock units, converting them into 20,106 and 12,793 shares of common stock respectively.
- Raber holds options to purchase a total of 251,911 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | 50% vesting date for 20,106 restricted stock units |
| 05/08/2020 | 50% vesting date for stock options at $17 |
| 05/08/2021 | 50% vesting date for stock options at $17 |
| 02/27/2021 | 50% vesting date for stock options at $7.12 |
| 02/27/2022 | 50% vesting date for stock options at $7.12 |
| 02/28/2022 | 50% vesting date for stock options at $14.01 |
| 02/28/2023 | 50% vesting date for stock options at $14.01 and $10.32 |
| 02/28/2024 | Transaction date; vesting and disposal of restricted stock units; 50% vesting date for 20,106 and 12,793 restricted stock units; 50% vesting date for stock options at $10.32 and $16.22 |
| 02/28/2025 | 50% vesting date for 12,793 restricted stock units and stock options at $16.22 |
| 05/08/2029 | Expiration date for stock options at $17 |
| 02/27/2030 | Expiration date for stock options at $7.12 |
| 02/28/2031 | Expiration date for stock options at $14.01 |
| 02/28/2032 | Expiration date for stock options at $10.32 |
| 02/28/2033 | Expiration date for stock options at $16.22 |
| 03/01/2024 | Date of signature by Attorney-in-Fact |
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