Form 4: MYR Group Director Jennifer Lowry Reports Stock Award Vesting and Share Deferral
SEC Form 4 Filing
Director Jennifer Elaine Lowry reports vesting of restricted stock units and subsequent deferral of shares under MYR Group's non-employee director deferral program.
Summary
- On April 20, 2024, Jennifer Elaine Lowry, a director of MYR Group Inc., had 877 restricted stock units (RSUs) vest.
- These RSUs were awarded on April 20, 2023, under the company's 2017 Long-Term Incentive Plan.
- Upon vesting, each RSU was settled for one share of MYR Group's common stock.
- Lowry elected to defer the payment of these shares under the company's non-employee director deferral program.
- Following the transaction, Lowry directly owns 9,991 shares of MYR Group common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding insider transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, common for directors and officers of publicly traded companies. It provides transparency into their holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine vesting and deferral of shares by a director.
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 RSU vesting and settlement in shares of common stock; shares deferred. |
| 04/22/2024 | Date of Form 4 filing. |
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