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

Brian K. Stern, SVP and COO of MYR Group Inc., reports transactions involving restricted stock units and common stock, including acquisitions, disposals, and shares withheld for tax obligations.

Summary

• On March 23, 2025, Brian K. Stern acquired 201 and 286 shares of common stock through the vesting of restricted stock units (RSUs) awarded in 2022 and 2023, respectively.
• Also on March 23, 2025, 59 and 84 shares were disposed of to cover tax withholding obligations at a price of $127.04 per share.
• On March 22, 2025, Stern acquired 348 shares of common stock through the vesting of RSUs awarded in 2024.
• Additionally, on March 22, 2025, 103 shares were disposed of to cover tax withholding obligations at a price of $127.04 per share.
• On March 21, 2025, Stern was awarded 2,125 restricted stock units which vest ratably over three years beginning on the first anniversary of the grant date.
• Following these transactions, Stern directly owns 2,571 shares of common stock and 2,125 restricted stock units.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock transactions by an executive. It doesn't contain any information that would significantly impact the company's valuation positively or negatively.

Positives

• The vesting of restricted stock units indicates that Stern is meeting the conditions of his equity compensation plan.
• The award of additional restricted stock units suggests continued alignment of Stern's interests with the company's long-term performance.

Future Outlook

The restricted stock units awarded on March 21, 2025, vest ratably over three years beginning on the first anniversary of the grant date, indicating future stock-based compensation for the reporting person.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect broader industry trends but offers insight into the compensation structure and stock ownership of MYR Group's executives.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time to align executive interests with long-term shareholder value.
• The vesting schedule of the RSUs (ratably over three years) is a common practice in the industry.
• Similar companies such as Quanta Services and MasTec also utilize stock-based compensation as part of their executive pay packages.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.
• The transactions have a minor impact on the overall shareholding structure.

Key Dates

Keywords

MYR Group, Brian K. Stern, restricted stock units, common stock, Form 4, insider trading, equity compensation, vesting, tax withholding