Fisher Steven L 4

What Happened
Steven L. Fisher, a director of Mayville Engineering Company (MEC), reported on Form 4 that a total of 50,231 shares were converted/settled on April 21, 2026. The filing shows four conversion (code M) entries acquiring 5,883; 19,532; 14,485; and 10,331 shares (total 50,231) at $0.00, and four matching disposal (also coded M) entries for the same amounts at $0.00. The entries reflect conversion/settlement of restricted stock units (RSUs) rather than an open-market purchase or sale—this is a vesting/settlement event associated with separation/retirement, not a cash buy.

Key Details

• Transaction date: April 21, 2026; Form 4 filed April 23, 2026 (appears timely).
• Transaction code: M = exercise or conversion of a derivative (here, conversion/settlement of RSUs).
• Shares acquired then disposed (same day): 50,231 total (5,883; 19,532; 14,485; 10,331). Reported price/value: $0.00.
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes: F1 — balance includes vested RSUs that were deferred and settled upon the reporting person's retirement/separation; F2 — the RSUs vested 100% one year from grant date.
• No 10b5‑1 plan, late filing, or other special instructions noted in the provided data.

Context
Code M transactions here mean derivative conversion—RSUs vested and converted into common shares. The matching $0.00 disposal lines and the footnote indicate these were settlement/deferral-related transactions tied to retirement/separation (e.g., RSU settlement and related adjustments), not a market sale that signals an investment view. For retail investors: purchases are generally more informative about insider sentiment; conversion/settlement of deferred RSUs on departure is typically procedural.