Swartz Richard S. Jr. 4

4 · MYR GROUP INC. · Filed Mar 24, 2026

AI-generated summary of this filing

Updated Mar 24, 2026

MYR Group CEO Richard Swartz Receives RSU Shares; Withholds for Taxes

What Happened

Richard S. Swartz Jr., President and CEO of MYR Group Inc. (MYRG), had previously awarded Restricted Stock Units (RSUs) vest and convert to common stock between March 21–23, 2026. A total of 7,965 shares were issued on settlement.
To satisfy tax withholding obligations, 3,486 shares were withheld and disposed, generating cash value of $924,809 (1,322 shares on 3/21 at $259.68 = $343,297; 834 shares on 3/22 at $259.68 = $216,573; 1,330 shares on 3/23 at $274.39 = $364,939). Net delivered to Swartz ≈ 4,479 shares.
Separately, Swartz received a new award of 4,482 RSUs on March 23, 2026 (these are derivative awards that vest over time and are not immediate shares).

Key Details

Transaction dates and items:
- 2026-03-21: 3,021 RSUs converted to shares; 1,322 shares withheld for taxes @ $259.68 (cash value $343,297).
- 2026-03-22: 1,905 RSUs converted to shares; 834 shares withheld for taxes @ $259.68 (cash value $216,573).
- 2026-03-23: 3,039 RSUs converted to shares; 1,330 shares withheld for taxes @ $274.39 (cash value $364,939).
- 2026-03-23: New grant of 4,482 RSUs awarded (derivative; vesting schedule applies).
Totals: 7,965 shares settled from vested RSUs; 3,486 shares withheld for taxes (total cash value ~$924,809); net ~4,479 shares delivered.
Shares owned after the transactions: not stated in the filing.
Footnotes: Vesting and settlement relate to RSUs awarded under the Issuer's 2017 Long-Term Incentive Plan (grants from 2023–2025 vest ratably over three years and settle one-for-one into common stock). Withheld shares were used to satisfy tax obligations.
Filing timeliness: Form 4 filed 2026-03-24 covering transactions dated 2026-03-21 to 2026-03-23 — filing appears to be timely.

Context

These transactions are RSU vesting and settlement events (derivative conversion), not open-market purchases or discretionary sales. The withheld-share disposals are routine tax-withholding actions common when RSUs vest (functionally similar to a net settlement rather than an independent sale decision).
The new 4,482-RSU grant is a derivative award that vests ratably over three years beginning the first anniversary of the grant and does not represent immediate share ownership.

Form 4

Period: 2026-03-21

President and CEO

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-21+3,021→ 161,560 total
Tax Payment
Common Stock
[F2]
2026-03-21$259.68/sh−1,322$343,297→ 160,238 total
Exercise/Conversion
Common Stock
[F3]
2026-03-22+1,905→ 162,143 total
Tax Payment
Common Stock
[F2]
2026-03-22$259.68/sh−834$216,573→ 161,309 total
Exercise/Conversion
Common Stock
[F4]
2026-03-23+3,039→ 164,348 total
Tax Payment
Common Stock
[F2]
2026-03-23$274.39/sh−1,330$364,939→ 163,018 total
Exercise/Conversion
RESTRICTED STOCK UNIT
[F1]
2026-03-21−3,021→ 6,042 total
From: 2026-03-21Exp: 2026-03-21→ Common Stock (3,021 underlying)
Exercise/Conversion
RESTRICTED STOCK UNIT
[F3]
2026-03-22−1,905→ 1,905 total
From: 2026-03-22Exp: 2026-03-22→ Common Stock (1,905 underlying)
Exercise/Conversion
RESTRICTED STOCK UNIT
[F4]
2026-03-23−3,039→ 0 total
From: 2026-03-23Exp: 2026-03-23→ Common Stock (3,039 underlying)
Award
RESTRICTED STOCK UNIT
[F5]
2026-03-23+4,482→ 4,482 total
→ Common Stock (4,482 underlying)

Footnotes (5)

[F1]These Restricted Stock Units, which were awarded on March 21, 2025 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vest ratably over three years and were settled in shares of the Issuer's common stock on a one-for-one basis.
[F2]Represents shares of the Issuer's common stock withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units granted pursuant to the Issuer's 2017 Long-Term Incentive Plan.
[F3]These Restricted Stock Units, which were awarded on March 22, 2024 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vest ratably over three years and were settled in shares of the Issuer's common stock on a one-for-one basis.
[F4]These Restricted Stock Units, which were awarded on March 23, 2023 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vest ratably over three years and were settled in shares of the Issuer's common stock on a one-for-one basis.
[F5]Each Restricted Stock Unit, awarded pursuant to the Issuer's 2017 Long-Term Incentive Plan, represents a contingent right to receive one share of the Issuer's common stock. The Restricted Stock Units vest ratably over three years beginning on the first anniversary of the grant date.

Signature

/s/ William F. Fry as Attorney-in-Fact for Richard S. Swartz, Jr.|2026-03-24

1 file