Potts Karen 4
Research Summary
AI-generated summary
Myers Industries (MYE) SVP/CLO Karen Potts Receives Equity Award
What Happened
- Karen Potts, Senior Vice President and Chief Legal Officer of Myers Industries (MYE), was granted equity awards on March 9, 2026. The Form 4 reports two derivative grants: 6,745 restricted stock units (RSUs) and 6,745 performance stock units (PSUs), for a total of 13,490 units. Each grant was reported at a $0 acquisition price (typical for equity awards — no cash changed hands at grant).
Key Details
- Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (no late filing indicated).
- Transaction code: A = Award/Grant (derivative awards).
- Units granted: 6,745 RSUs and 6,745 PSUs (total 13,490).
- Grant price: $0.00 per unit (typical for RSU/PSU awards).
- Shares owned after transaction: not specified in the provided filing.
- Relevant footnotes:
- F1: Each RSU represents a contingent right to one share upon vesting.
- F2: The RSUs vest in three equal annual installments on Mar 16, 2027; Mar 16, 2028; and Mar 16, 2029.
- F3: The PSUs vest based on cumulative adjusted earnings per share over the three-year performance period ending Dec 31, 2028, with a modifier based on relative total shareholder return.
Context
- These are equity compensation awards (not open-market purchases or sales). RSUs convert to shares if and when they vest per the schedule; PSUs convert to shares only if performance targets are met, so final share delivery and value depend on future results and relative TSR. Such grants are common for executive compensation and do not by themselves indicate a personal buy/sell signal.