Form 4: MYR Group SVP and COO Don A. Egan Reports Stock Transactions

Don A. Egan, SVP and COO of MYR Group Inc., reports the vesting and subsequent tax withholding of restricted stock units, resulting in changes to his beneficial ownership of common stock.

Summary

• On March 23, 2024, Don A. Egan, SVP and COO of MYR Group Inc., had restricted stock units vest and settle into shares of common stock.
• These restricted stock units were awarded on March 23, 2021, 2022, and 2023, under the company's 2017 Long-Term Incentive Plan and vest ratably over three years.
• A portion of the shares were withheld to satisfy tax obligations.
• Specifically, 301, 235, and 515 restricted stock units vested and were settled in common stock.
• 87, 68, and 149 shares were withheld to cover tax obligations at a price of $172.52 per share.
• On March 22, 2024, Egan was awarded 1,043 restricted stock units that vest ratably over three years beginning on the first anniversary of the grant date.
• Following these transactions, Egan directly owns 7,420 shares of MYR Group Inc. common stock and 1,030 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The reported restricted stock units vest ratably over three years, indicating future potential stock issuances.

Industry Context

This filing is a routine disclosure of insider transactions, common for publicly traded companies. It provides transparency regarding the holdings and transactions of company executives.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares.
• The transactions reflect the compensation structure for company executives.

Key Dates