Rutty Samantha 4
Research Summary
AI-generated summary
Myers Industries (MYE) EVP/CFO Samantha Rutty Receives Award
What Happened
- Samantha Rutty, EVP and Chief Financial Officer of Myers Industries (MYE), was granted two awards on March 9, 2026: 14,605 restricted stock units (RSUs) and 14,605 performance stock units (PSUs), for a total of 29,210 contingent units. Both awards are reported on the Form 4 as acquisitions (code A) with an acquisition price of $0.00. These are compensation awards (derivative securities), not open-market purchases or sales.
Key Details
- Transaction date: March 9, 2026; Filing date: March 11, 2026 (appears timely — within two business days of the transaction).
- Reported acquisition price: $0.00 for both awards.
- RSU vesting: 14,605 RSUs vest in three equal annual installments on March 16, 2027, March 16, 2028, and March 16, 2029 (Footnote F2).
- PSU terms: 14,605 PSUs are payable based on cumulative adjusted earnings per share over the three-year performance period ending December 31, 2028, with a modifier based on relative total shareholder return (Footnote F3).
- Nature of units: Each RSU/PSU represents a contingent right to receive one share of common stock upon vesting/achievement (Footnote F1).
- Shares owned after transaction: Not specified in the provided filing.
Context
- These awards are derivative compensation instruments that convert to actual shares only if and when vesting and/or performance conditions are met. They do not involve an immediate cash purchase or sale and are standard executive compensation; they should be viewed as part of long-term pay rather than a direct bullish or bearish trading signal.