Form 4: MYR Group Director Donald Lucky Trades Shares

Director Donald C. Lucky of MYR Group Inc. reported transactions involving restricted stock units and common stock, including vesting and tax withholdings.

Summary

• Donald C. Lucky, a Director at MYR Group Inc., reported several transactions related to his beneficial ownership of the company's common stock.
• On April 24, 2026, 1,160 Restricted Stock Units (RSUs) vested and were settled in common stock on a one-for-one basis, resulting in a net increase of 1,160 shares directly owned.
• Also on April 24, 2026, 554 shares were disposed of to cover tax withholding obligations related to the vesting of RSUs.
• As of the reporting date, following these transactions, Mr. Lucky directly beneficially owns 20,254 shares of common stock.
• Additionally, 414 RSUs, awarded under the 2017 Long-Term Incentive Plan, are set to convert into common stock on April 23, 2027.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider transactions related to equity compensation and tax obligations, rather than a strategic shift or significant personal trading activity.

Positives

• Vesting of 1,160 Restricted Stock Units on April 24, 2026, increasing direct share ownership.
• Continued direct beneficial ownership of 20,254 shares of common stock post-transactions.
• 414 RSUs are still pending conversion, indicating future potential share acquisition.

Negatives

• Disposal of 554 shares to satisfy tax withholding obligations, reducing the total number of shares held outright.

Future Outlook

414 Restricted Stock Units are scheduled to convert into shares of common stock on April 23, 2027, subject to the terms of the 2017 Long-Term Incentive Plan.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and trading activities of company directors and officers. These filings are crucial for investors seeking to understand insider sentiment and potential shifts in beneficial ownership.

Stakeholder Impact

• Shareholders: Increased transparency into director's holdings and potential dilution from future RSU conversions.
• Employees: Indirectly reflects the company's equity compensation strategy.
• Creditors: No direct impact.

Next Steps

• Conversion of 414 Restricted Stock Units into common stock on April 23, 2027.

Key Dates

Keywords

MYR Group Inc., MYRG, Form 4, SEC Filing, Insider Trading, Beneficial Ownership, Restricted Stock Units, Common Stock, Director, Donald C. Lucky, Tax Withholding