Form 4: Myers Industries EVP & CFO Grant Fitz Reports Stock Transactions
SEC Form 4 Filing
Grant Fitz, EVP & CFO of Myers Industries, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On March 16, 2025, Grant Fitz, the EVP & CFO of Myers Industries, had 4,256 restricted stock units vest and convert into common stock.
- He then disposed of 1,443 shares of common stock at a price of $12.78 to cover tax obligations.
- Following these transactions, Fitz directly owns 12,702 shares of common stock and 8,513 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, with no inherently positive or negative implications.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Reporting person was granted 12,769 restricted stock units, subject to vesting in three equal installments on March 16, 2025, March 16, 2026, and March 16, 2027. |
| 03/16/2025 | 4,256 restricted stock units vested and converted into common stock; 1,443 shares disposed of to cover tax obligations. |
| 03/18/2025 | Date of signature for the Form 4 filing. |
| 03/16/2026 | Next vesting date for restricted stock units. |
| 03/16/2027 | Final vesting date for restricted stock units. |
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