Form 4: Myers Industries EVP & CFO Grant Fitz Reports Stock Transactions
SEC Form 4
Grant Fitz, EVP & CFO of Myers Industries, reports the vesting and subsequent sale of restricted stock units on May 15, 2024.
Summary
- On May 15, 2024, Grant Fitz, the EVP & CFO of Myers Industries, engaged in transactions involving restricted stock units.
- A total of 3,358 restricted stock units converted into common stock and were subsequently sold to cover tax obligations.
- An additional 10,493 restricted stock units converted into common stock, with a portion sold to cover taxes.
- Following these transactions, Fitz directly owns 9,889 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/15/2023 | Grant of 10,074 restricted stock units vesting in three equal annual installments. |
| 05/15/2023 | Grant of 31,480 restricted stock units vesting in three equal annual installments. |
| 05/15/2024 | Vesting of restricted stock units and subsequent transactions. |
| 05/15/2025 | Next vesting date for remaining restricted stock units. |
| 05/15/2026 | Final vesting date for remaining restricted stock units. |
| 05/17/2024 | Date of Form 4 signature. |
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