Form 4: Director Shirin O'Connor Vests and Settles Restricted Stock Units in MYR Group Inc.
SEC Form 4 Filing
Director Shirin O'Connor reports the vesting and settlement of restricted stock units (RSUs) into common stock of MYR Group Inc. on April 20, 2024.
Summary
- On April 20, 2024, Shirin O'Connor, a director of MYR Group Inc., had 877 Restricted Stock Units (RSUs) vest.
- These RSUs were awarded on April 20, 2023, under the company's 2017 Long-Term Incentive Plan.
- The vested RSUs were settled in shares of MYR Group Inc.'s common stock on a one-for-one basis.
- Following the transaction, O'Connor directly owns 5,392 shares of MYR Group Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral event, simply reporting the vesting of previously granted stock awards.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/20/2023 | Date the Restricted Stock Units were awarded pursuant to the Issuer's 2017 Long-Term Incentive Plan |
| 04/20/2024 | Date of transaction: Restricted Stock Units vested and were settled in shares of common stock. |
| 04/22/2024 | Date of Form 4 filing. |
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