Form 4: MYR Group Director Bradley Thede Favreau Reports Stock Transactions
SEC Form 4 Filing
Director Bradley Thede Favreau reports the vesting and settlement of restricted stock units into MYR Group Inc. common stock, along with the grant of additional restricted stock units.
Summary
- On April 24, 2025, Bradley Thede Favreau, a director of MYR Group Inc., had 668 restricted stock units vest and settle into 668 shares of common stock.
- These restricted stock units were initially awarded on April 24, 2024, under the company's 2017 Long-Term Incentive Plan.
- Favreau also acquired 1,160 new restricted stock units on April 24, 2025, which will convert into common stock on April 24, 2026.
- Following these transactions, Favreau directly owns 14,210 shares of MYR Group Inc. common stock and 1,160 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The document indicates the future conversion of 1,160 restricted stock units into common stock on April 24, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice and provides transparency to investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 04/24/2024 | Initial award date of 668 Restricted Stock Units under the 2017 Long-Term Incentive Plan. |
| 04/24/2025 | Vesting and settlement of 668 Restricted Stock Units into common stock; grant of 1,160 new Restricted Stock Units. |
| 04/28/2025 | Date of signature for the Form 4 filing. |
| 04/24/2026 | Conversion date for 1,160 Restricted Stock Units into common stock. |
Keywords
MYR Group Inc., Director, Stock Transaction, Restricted Stock Units, Beneficial Ownership, Form 4
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