Form 4: MYR Group COO Stern Reports Routine Stock Transactions

MYR Group's SVP and COO, Brian K. Stern, reported the vesting and settlement of Restricted Stock Units, along with tax-related share disposals and a new RSU award.

Summary

• Brian K. Stern, SVP and COO T&D of MYR GROUP INC. (MYRG), reported multiple transactions involving the company's common stock and Restricted Stock Units (RSUs).
• On March 21, 2026, 708 shares of common stock were acquired upon the vesting of RSUs awarded on March 21, 2025, followed by the disposal of 201 shares at $259.68 for tax withholding.
• On March 22, 2026, 347 shares of common stock were acquired upon the vesting of RSUs awarded on March 22, 2024, followed by the disposal of 127 shares at $259.68 for tax withholding.
• On March 23, 2026, 286 shares of common stock were acquired upon the vesting of RSUs awarded on March 23, 2023, followed by the disposal of 124 shares at $274.39 for tax withholding.
• Additionally, on March 23, 2026, Mr. Stern was awarded 1,202 new Restricted Stock Units, which will vest ratably over three years starting on the first anniversary of the grant date.
• All RSU vestings were settled on a one-for-one basis in shares of the Issuer's common stock.
• The transactions were made pursuant to a Rule 10b5-1 plan.
• Following these transactions, Mr. Stern directly beneficially owns 4,339 shares of common stock and 2,967 Restricted Stock Units.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing. It reflects routine executive compensation and retention activities, with the vesting of existing awards and the grant of new ones, which aligns executive interests with long-term shareholder value.

Positives

• The vesting of Restricted Stock Units indicates the execution of the company's long-term incentive plan, aligning management's interests with shareholders.
• The award of 1,202 new Restricted Stock Units to a key executive demonstrates continued commitment to long-term incentive compensation.

Negatives

• Disposal of shares for tax withholding, while standard practice, reduces the executive's direct shareholding.

Future Outlook

The filing indicates the continued operation of MYR Group's 2017 Long-Term Incentive Plan, with new Restricted Stock Units awarded to an executive that will vest ratably over the next three years, suggesting a consistent approach to executive compensation and retention.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those related to RSU vesting and tax withholding, are common across publicly traded companies, particularly those with established long-term incentive plans. These transactions reflect standard executive compensation practices rather than specific industry trends or competitive shifts.

Stakeholder Impact

• Shareholders: The transactions demonstrate the ongoing execution of the company's executive compensation strategy, which aims to align management incentives with shareholder returns. The executive's continued ownership of shares and RSUs indicates a vested interest in the company's long-term performance.
• Employees: The long-term incentive plan, as evidenced by the RSU awards, is a key component of executive compensation and retention, potentially signaling stability in leadership.

Next Steps

• Future vesting of the 1,202 Restricted Stock Units awarded on March 23, 2026, which will occur ratably over three years beginning on the first anniversary of the grant date.

Key Dates

Keywords

MYR Group, MYRG, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Award, Rule 10b5-1