Form 4: Mayville Engineering Company Executive Ryan F. Raber Sells Shares
SEC Form 4
Ryan F. Raber, EVP of Strategy, Sales & Marketing at Mayville Engineering Company, sold 21,508 shares of common stock at $19.15 per share on August 23, 2024.
Summary
- On August 23, 2024, Ryan F. Raber, the EVP of Strategy, Sales & Marketing at Mayville Engineering Company, sold 21,508 shares of common stock at a price of $19.15 per share.
- Following the transaction, Raber directly owns 97,053 shares of common stock.
- Raber also indirectly owns 26,287 shares through an ESOP and/or 401(k) plan.
- Raber holds multiple stock options with varying exercise prices and vesting schedules, as well as restricted stock units that vest over several years.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction. The sentiment is neither positive nor negative as it simply reports a sale of shares.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to the market regarding the transactions of company executives.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, but it is a common occurrence and does not necessarily indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 05/08/2020 | 50% vesting of stock options with an exercise price of $17 |
| 05/08/2021 | 50% vesting of stock options with an exercise price of $17 |
| 02/28/2022 | 50% vesting of stock options with an exercise price of $14.01 |
| 02/28/2023 | 50% vesting of stock options with an exercise price of $14.01; 50% vesting of stock options with an exercise price of $10.32 |
| 02/28/2024 | 50% vesting of stock options with an exercise price of $10.32; 50% vesting of stock options with an exercise price of $16.22; 50% vesting of restricted stock units |
| 08/23/2024 | Date of transaction: Sale of 21,508 shares of common stock |
| 02/28/2025 | 50% vesting of stock options with an exercise price of $16.22; 50% vesting of restricted stock units |
| 03/15/2025 | 1/3 vesting of restricted stock units |
| 03/15/2026 | 1/3 vesting of restricted stock units |
| 03/15/2027 | 1/3 vesting of restricted stock units |
| 05/08/2029 | Expiration date of stock options with an exercise price of $17 |
| 02/28/2031 | Expiration date of stock options with an exercise price of $14.01 |
| 02/28/2032 | Expiration date of stock options with an exercise price of $10.32 |
| 02/28/2033 | Expiration date of stock options with an exercise price of $16.22 |
| 08/26/2024 | Date of filing |
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