Form 4: MYR Group Director Bradley Thede Favreau Reports Stock Vesting
SEC Form 4
Director Bradley Thede Favreau reports vesting of restricted stock units settled in MYR Group common stock.
Summary
- On April 20, 2024, Bradley Thede Favreau, a director of MYR Group Inc., had 877 restricted stock units (RSUs) vest.
- These RSUs, granted on April 20, 2023, under the company's 2017 Long-Term Incentive Plan, vested and were settled for 877 shares of MYR Group's common stock on a one-for-one basis.
- Following the transaction, Favreau directly owns 11,702 shares of MYR Group common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock vesting event.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies.
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 report |
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