Form 4: MYR Group SVP, CLO and Secretary William Fry Reports Stock Transactions
SEC Form 4 Filing
William Fry, SVP, CLO and Secretary of MYR Group Inc., reports the vesting and disposal of restricted stock units to cover tax obligations.
Summary
- On March 23, 2024, William Fry, SVP, CLO and Secretary of MYR Group Inc., engaged in transactions involving restricted stock units (RSUs) and common stock.
- Fry acquired shares through the vesting of RSUs awarded under the company's 2017 Long-Term Incentive Plan.
- A portion of the acquired shares was then disposed of to satisfy tax withholding obligations.
- The RSUs vest ratably over three years and are settled in shares of common stock on a one-for-one basis.
- Additionally, on March 22, 2024, Fry acquired 1,043 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative 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 executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Acquisition of 1,043 Restricted Stock Units |
| 03/23/2024 | Vesting and disposal of Restricted Stock Units and common stock transactions |
| 03/25/2024 | Date of signature for the Form 4 filing |
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