Form 4: Mayville Engineering Company Executive Sean P. Leuba Reports Stock Transactions
SEC Form 4 Filing
Sean P. Leuba, SVP, Corp. Development & GC of Mayville Engineering Company, Inc., reports the vesting and disposition of restricted stock units and shares.
Summary
- Sean P. Leuba, a Senior Vice President at Mayville Engineering Company, Inc. (MEC), filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 28, 2024, Leuba had 6,166 common stock shares acquired through the vesting of restricted stock units.
- Also on February 28, 2024, Leuba disposed of 1,806 common stock shares to cover tax obligations at a price of $11.97 per share.
- Following these transactions, Leuba directly owns 8,143 shares of common stock.
- Leuba also holds 6,165 restricted stock units that vest in the future and options to purchase 21,552 shares of common stock at an exercise price of $16.22.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of insider transactions. There's no indication of positive or negative sentiment towards the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are routine and do not indicate a significant change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transactions (vesting and disposition of shares). |
| 02/28/2024 | 50% vesting date for 6,166 restricted stock units. |
| 02/28/2025 | Remaining 50% vesting date for 6,166 restricted stock units. |
| 01/09/2024 | 50% vesting date for restricted stock units. |
| 01/09/2025 | Remaining 50% vesting date for restricted stock units. |
| 02/28/2033 | Expiration date for stock options. |
| 03/01/2024 | Date of Form 4 signature. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.