Form 4: MYR Group Executive Reports Routine Stock Vesting

William Fry, SVP, CLO, and Secretary of MYR Group Inc., reported routine acquisitions and dispositions of common stock related to Restricted Stock Unit vesting.

Summary

• William Fry, SVP, CLO, and Secretary of MYR Group Inc. (MYRG), reported multiple transactions involving common stock and Restricted Stock Units (RSUs).
• On March 21, 2026, 669 shares of common stock were acquired at $0 cost due to the vesting of RSUs awarded on March 21, 2025, under the 2017 Long-Term Incentive Plan.
• Concurrently on March 21, 2026, 287 shares of common stock were disposed of at $259.68 per share to satisfy tax withholding obligations related to the RSU vesting.
• On March 22, 2026, 347 shares of common stock were acquired at $0 cost from the vesting of RSUs awarded on March 22, 2024.
• On the same date, 152 shares of common stock were disposed of at $259.68 per share for tax withholding.
• On March 23, 2026, 549 shares of common stock were acquired at $0 cost from the vesting of RSUs awarded on March 23, 2023.
• Also on March 23, 2026, 241 shares of common stock were disposed of at $274.39 per share for tax withholding.
• A new award of 984 Restricted Stock Units was granted on March 23, 2026, under the 2017 Long-Term Incentive Plan, representing a contingent right to receive one share of common stock per unit.
• Following these transactions, William Fry's direct beneficial ownership of common stock stands at 16,843 shares.
• The RSUs vest ratably over three years, beginning on the first anniversary of their grant date.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While shares were disposed of, it was for tax purposes related to RSU vesting, which is a standard compensation practice and indicates continued executive alignment with shareholder interests through equity ownership.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates the continued alignment of executive interests with shareholder value through equity compensation.
• A new RSU award of 984 units on March 23, 2026, further reinforces long-term incentive for the executive.

Negatives

• Shares were disposed of to cover tax withholding obligations, which is a standard practice upon RSU vesting and not indicative of discretionary selling.

Industry Context

StockSavvy.ai notes that routine insider transactions, such as those related to RSU vesting and tax withholding, are common across industries as part of executive compensation packages. These transactions typically do not reflect a change in management's outlook on the company's prospects but rather the execution of pre-determined equity plans.

Stakeholder Impact

• Shareholders: The transactions represent a routine part of executive compensation, aligning management's long-term interests with shareholder value through equity ownership. The disposition of shares for tax purposes is a minor dilution effect but is standard.

Key Dates

Keywords

MYR Group, MYRG, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Ownership, Equity Incentive Plan