Form 4: MYR Group COO Egan Reports RSU Vesting, New Grant

Don A. Egan, SVP and COO of MYR Group Inc., reported the vesting of restricted stock units and subsequent share transactions, including tax withholdings and a new RSU grant.

Summary

• Don A. Egan, SVP and COO C&I of MYR GROUP INC., reported multiple transactions involving the company's common stock and Restricted Stock Units (RSUs).
• On March 21, 2026, 708 RSUs from a March 21, 2025 award vested and were settled in common stock. Concurrently, 287 shares were disposed of at $259.68 to cover tax withholding obligations.
• On March 22, 2026, 347 RSUs from a March 22, 2024 award vested and were settled in common stock. 152 shares were disposed of at $259.68 for tax withholding.
• On March 23, 2026, 515 RSUs from a March 23, 2023 award vested and were settled in common stock. 226 shares were disposed of at $274.39 for tax withholding.
• Following these transactions, Egan's direct beneficial ownership of common stock was 7,858 shares.
• Additionally, on March 23, 2026, Egan was awarded 1,202 new Restricted Stock Units, which will vest ratably over three years starting from the first anniversary of the grant date.
• The RSU awards and vesting are pursuant to the Issuer's 2017 Long-Term Incentive Plan.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine disclosure of executive compensation activities, including RSU vesting and a new grant, which are generally positive for aligning management incentives with shareholder interests, despite some shares being sold for tax purposes.

Positives

• Don A. Egan received 1,570 shares of common stock (708 + 347 + 515) through the vesting of Restricted Stock Units, increasing his direct ownership.
• A new grant of 1,202 Restricted Stock Units was awarded to Don A. Egan, aligning his interests with long-term shareholder value.
• The transactions demonstrate the ongoing operation of the company's 2017 Long-Term Incentive Plan, indicating a structured approach to executive compensation.

Negatives

• A total of 665 shares (287 + 152 + 226) were disposed of to satisfy tax withholding obligations, reducing the net increase in direct beneficial ownership from the RSU vesting.

Future Outlook

The newly granted 1,202 Restricted Stock Units will vest ratably over three years, beginning on the first anniversary of the March 23, 2026 grant date, indicating future share acquisitions for Don A. Egan.

Industry Context

StockSavvy.ai notes that these transactions are routine for executive compensation plans, particularly those involving Restricted Stock Units, which are common across various industries to align executive incentives with long-term company performance. The vesting and subsequent tax-related sales are standard practices in such compensation structures.

Comparison to Industry Standards

• StockSavvy.ai observes that the use of Restricted Stock Units (RSUs) as a component of executive compensation, with multi-year vesting schedules, is a widely adopted practice among publicly traded companies, including those in the construction and engineering sectors like MYR Group.
• For instance, peers such as Quanta Services (PWR) and Dycom Industries (DY) also frequently utilize RSU grants to incentivize long-term performance and retain key executives.
• The one-for-one settlement of RSUs into common stock and the withholding of shares for tax obligations are standard mechanisms consistent with global benchmarks for equity compensation.

Related Party Transactions

• The reported transactions involve Don A. Egan, an SVP and COO of MYR GROUP INC., acquiring shares and RSUs from the company under its 2017 Long-Term Incentive Plan, which constitutes a related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The vesting of RSUs and new grant align executive interests with long-term shareholder value. The sale of shares for tax purposes is a minor dilution but expected.
• Employees: The existence of a long-term incentive plan suggests a structured approach to executive compensation, which can positively influence employee morale and retention at senior levels.

Next Steps

• The newly granted 1,202 Restricted Stock Units will begin vesting on the first anniversary of the March 23, 2026 grant date, continuing ratably over three years.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation activities, specifically the vesting of Restricted Stock Units and a new RSU grant, along with associated tax-related share dispositions. These transactions are expected and do not indicate any material change in the company's operational or financial performance. As such, a seasoned investor would likely maintain their current position, as the filing provides no new information to warrant a 'buy' or 'sell' recommendation.

Keywords

MYR Group Inc., MYRG, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Share Ownership, Don A. Egan, Long-Term Incentive Plan