Schapper Aaron M 4

What Happened

• Aaron M. Schapper, President & CEO and a director of Myers Industries (MYE), had 26,042 restricted stock units (RSUs) convert into common shares on March 16, 2026. Immediately, 9,979 of those shares were surrendered/withheld to satisfy tax withholding obligations, valued at $20.81 per share (total ~$207,663).
• The filing records the RSU conversion as exercise/conversion of a derivative (transaction code M) and the share surrender for taxes as a tax withholding disposition (transaction code F). This was not an open-market sale; it is a routine net-share settlement for taxes following vesting.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-18 (filed timely).
• RSUs converted: 26,042 shares (reported as M; $0 exercise price).
• Shares withheld for taxes: 9,979 shares at $20.81 each = $207,663 (code F).
• Net shares added to Schapper’s holdings from this vesting: 26,042 − 9,979 = 16,063 shares (based on the reported transactions).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Footnotes: F1/F2 clarify RSUs convert one-for-one into common stock; F3 notes these RSUs were part of a 78,125 RSU grant on March 10, 2025 vesting in three equal annual installments (Mar 16, 2026/2027/2028).

Context

• This is a standard vesting/event reporting: RSUs vested and converted to shares, and the company withheld a portion to cover tax obligations (a net-share or “sell-to-cover” type settlement), not an active market sale that would signal a decision to liquidate holdings.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = shares withheld/disposed to cover taxes.