Form 4: MYR Group SVP, CLO and Secretary William Fry Reports Stock Transactions
SEC Form 4
William Fry, SVP, CLO and Secretary of MYR Group Inc., reports transactions involving restricted stock units and common stock, including acquisitions, disposals, and tax withholding.
Summary
- William Fry, a Senior Vice President, Chief Legal Officer, and Secretary at MYR Group Inc., filed a Form 4 detailing changes in beneficial ownership.
- On March 21, 2025, Fry acquired 2,007 restricted stock units (RSUs).
- On March 22 and 23, 2025, Fry exercised RSUs, resulting in the acquisition of common stock.
- Shares were also withheld to cover tax obligations related to the vesting of these RSUs.
- The transactions involved the vesting of RSUs awarded under the company's 2017 Long-Term Incentive Plan.
- These RSUs vest ratably over three years and are settled in shares of MYR Group's common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
- Employees may be interested in the details of the company's Long-Term Incentive Plan.
Key Dates
| Date | Description |
|---|---|
| 03/23/2022 | Date of original RSU award that vest ratably over three years |
| 03/23/2023 | Date of original RSU award that vest ratably over three years |
| 03/22/2024 | Date of original RSU award that vest ratably over three years |
| 03/21/2025 | Date of RSU acquisition |
| 03/22/2025 | Date of RSU exercise and tax withholding |
| 03/23/2025 | Date of RSU exercise and tax withholding |
| 03/24/2025 | Date of signature on the Form 4 |
Keywords
Form 4, MYR Group Inc., William Fry, Restricted Stock Units, Beneficial Ownership, Insider Trading
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