Form 4: MYR Group CEO Richard S. Swartz, Jr. Reports Stock Transactions
SEC Form 4 Filing
Richard S. Swartz, Jr., President and CEO of MYR Group Inc., reports acquisition of shares through vesting and disposition of shares to cover tax obligations.
Summary
- On February 19, 2025, Richard S. Swartz, Jr., President and CEO of MYR Group Inc., acquired 9,804 shares of common stock due to the vesting of performance share awards granted in 2022 for the performance period ended December 31, 2024.
- On the same day, Swartz disposed of 3,199 shares of common stock at a price of $135.07 to satisfy tax withholding obligations related to the vesting of these performance shares.
- Following these transactions, Swartz directly owns 147,979 shares of MYR Group Inc.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The vesting of performance share awards indicates that performance goals were met, which is a positive signal.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 2022 | Performance share awards were granted. |
| December 31, 2024 | End of the performance period for the vested shares. |
| February 19, 2025 | Date of stock acquisition and disposition. |
| February 21, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, MYR Group Inc., Richard S. Swartz Jr., Stock Transactions, Beneficial Ownership, Performance Shares, Tax Withholding
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