Form 4: MYR Group Director Shirin O'Connor Awarded Restricted Stock Units

Director Shirin O'Connor received 668 restricted stock units (RSUs) convertible to common stock on April 24, 2025, under MYR Group's 2017 Long-Term Incentive Plan.

Summary

• On April 24, 2024, Shirin O'Connor, a director of MYR Group Inc., was granted 668 restricted stock units (RSUs).
• These RSUs were awarded under the company's 2017 Long-Term Incentive Plan.
• Each RSU represents a contingent right to receive one share of MYR Group's common stock.
• The RSUs will convert into 668 shares of common stock on April 24, 2025.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and generally viewed favorably as it aligns director interests with shareholders.

Positives

• The award of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting date of April 24, 2025, encourages continued service and contribution to the company.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting date of the RSUs.

Industry Context

Equity compensation is a common practice in publicly traded companies to incentivize and retain key personnel, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Equity compensation packages for directors vary widely based on company size, industry, and individual contributions.
• Comparing MYR Group's director compensation to peers in the construction and engineering sector would provide a more detailed assessment of its competitiveness.
• Companies like Quanta Services and MasTec also utilize equity-based compensation for their executives and directors.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the director to work towards increasing shareholder value.
• The director benefits from the potential future value of the common stock.

Key Dates