Form 4: MYR Group SVP and COO Brian K. Stern Reports Stock Transactions

Brian K. Stern, SVP and COO of MYR Group Inc., reports the acquisition of 646 shares of common stock upon vesting of performance share awards and the disposal of 224 shares to cover tax obligations.

Summary

• On February 19, 2025, Brian K. Stern, SVP and COO of MYR Group Inc., acquired 646 shares of common stock due to the vesting of performance share awards granted in 2022.
• The performance period for these awards ended on December 31, 2024.
• On the same day, Stern disposed of 224 shares of common stock at a price of $135.07 to satisfy tax withholding obligations related to the vesting of the performance shares.
• Following these transactions, Stern directly owns 2,227 shares of MYR Group Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects standard executive compensation practices and tax obligations. There are no explicit positive or negative implications for the company's performance.

Positives

• The vesting of performance share awards suggests that performance goals were met, which is a positive indicator for the company.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces Stern's holdings in the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates standard compensation practices and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates

Keywords

MYR Group Inc., Brian K. Stern, Form 4, Stock transaction, Performance shares, Vesting, Tax withholding, Beneficial ownership