Form 4: MYR Group Director William Patterson Reports Stock Unit Vesting
SEC Form 4 Filing
Director William Patterson of MYR Group Inc. reports the vesting and settlement of restricted stock units into common stock.
Summary
- On April 24, 2025, William Patterson, a director of MYR Group Inc., had 668 restricted stock units vest.
- These units were awarded on April 24, 2024, under the company's 2017 Long-Term Incentive Plan.
- The vested units were settled in shares of MYR Group Inc.'s common stock on a one-for-one basis.
- Following the transaction, Patterson directly owns 33,295 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock unit vesting, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The vesting of stock units could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| April 24, 2024 | Restricted Stock Units were awarded to William Patterson under the 2017 Long-Term Incentive Plan. |
| April 24, 2025 | 668 Restricted Stock Units vested and were settled in shares of MYR Group Inc.'s common stock. |
| April 28, 2025 | Date of signature for the Form 4 filing. |
Keywords
MYR Group Inc., William Patterson, Director, Restricted Stock Units, Vesting, Common Stock, Form 4, Insider Trading
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