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MYR GROUP INC.·4

Mar 24, 4:05 PM ET

Huntington Kelly Michelle 4

Research Summary

AI-generated summary

Updated

MYR Group (MYRG) CFO Michelle Huntington Receives Shares, Sells for Taxes

What Happened

  • Michelle Huntington, Senior Vice President and Chief Financial Officer of MYR Group (MYRG), had restricted stock units (RSUs) vest and be settled into common shares across March 21–23, 2026 and also received a new RSU grant. She received a total of 3,155 shares (787 on 3/21, 434 on 3/22, 732 on 3/23, plus a 1,202-share grant on 3/23). To satisfy tax withholding obligations, 827 shares were withheld (333 on 3/21, 184 on 3/22, 310 on 3/23) for total withholding value of approximately $219,315 (breakdown: $86,473; $47,781; $85,061).
  • These transactions reflect RSU vesting/settlement and routine tax withholding (not open-market selling for investment purposes). Some Form 4 lines record conversion of derivatives (RSUs converting into shares) at $0 and the withholding disposals under code F.

Key Details

  • Transaction dates and prices:
    • 2026-03-21: 787 RSUs converted to 787 shares (M); 333 shares withheld at $259.68 each ($86,473) (F).
    • 2026-03-22: 434 RSUs converted to 434 shares (M); 184 shares withheld at $259.68 each ($47,781) (F).
    • 2026-03-23: 732 RSUs converted to 732 shares (M); 310 shares withheld at $274.39 each ($85,061) (F).
    • 2026-03-23: Grant of 1,202 RSUs (A) (vest schedule per plan).
  • Totals: 3,155 shares acquired/issued; 827 shares withheld for taxes; withholding proceeds ≈ $219,315.
  • Shares owned after the transactions: not disclosed in the provided filing.
  • Footnotes: RSUs awarded under the Issuer’s 2017 Long‑Term Incentive Plan and vest ratably over three years (footnotes F1–F5). Withholding entries (F) represent shares surrendered to satisfy tax withholding.
  • Filing timeliness: Form 4 was filed 2026-03-24 for transactions dated 3/21–3/23/2026 — the filing appears timely.

Context

  • These were RSU vesting and settlement events, with shares withheld to cover tax obligations (a routine, cashless method). The derivative (M) entries reflect conversion/settlement of RSUs into common stock, not an open-market sale. Routine tax-withholding disposals generally do not signal the insider’s view on the company.