Form 4: Mayville Engineering Company Executive Ryan F. Raber Reports Stock Transactions
SEC Form 4 Filing
Ryan F. Raber, EVP of Strategy, Sales & Marketing at Mayville Engineering Company, reports the vesting of restricted stock units and disposition of shares to cover tax obligations.
Summary
- Ryan F. Raber, an executive at Mayville Engineering Company, Inc. (MEC), filed a Form 4 detailing changes in beneficial ownership.
- On March 15, 2025, Raber vested 17,650 restricted stock units, which converted into common stock.
- Also on March 15, 2025, Raber disposed of 8,276 shares of common stock at a price of $14.35 to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Raber directly owns 106,018 shares of MEC common stock and indirectly owns 26,287 shares through an ESOP and/or 401(k) plan.
- Raber also holds options to purchase a total of 223,752 shares of common stock at various exercise prices and expiration dates, as well as 37,353 unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects routine executive compensation activity. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. They are closely watched by investors for signals about management's confidence in the company.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are common across publicly traded companies.
- The vesting schedules and exercise prices of the options appear to be within typical ranges for similar-sized companies in the manufacturing sector.
- Comparing Raber's holdings and transactions to those of executives at competitors like Linamar Corporation or Magna International would provide further context.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of restricted stock units.
- The sale of shares to cover taxes may exert slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 05/08/2020 | 50% vesting date for 27,595 stock options at $17 |
| 05/08/2021 | 50% vesting date for 27,595 stock options at $17 |
| 02/28/2022 | 50% vesting date for 43,291 stock options at $14.01 |
| 02/28/2023 | 50% vesting date for 43,291 stock options at $14.01 and 50% vesting date for 77,426 stock options at $10.32 |
| 02/28/2024 | 50% vesting date for 77,426 stock options at $10.32 and 50% vesting date for 44,720 stock options at $16.22 |
| 02/28/2025 | 50% vesting date for 44,720 stock options at $16.22 |
| 03/15/2025 | Vesting of 17,650 restricted stock units and disposition of 8,276 shares for tax obligations |
| 03/15/2026 | Vesting of 1/3 of 37,353 restricted stock units |
| 03/15/2027 | Vesting of 1/3 of 37,353 restricted stock units |
| 03/15/2028 | Vesting of 1/3 of 37,353 restricted stock units |
| 05/08/2029 | Expiration date for 27,595 stock options at $17 |
| 02/28/2031 | Expiration date for 43,291 stock options at $14.01 |
| 02/28/2032 | Expiration date for 77,426 stock options at $10.32 |
| 02/28/2033 | Expiration date for 44,720 stock options at $16.22 |
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