MYERS INDUSTRIES INC·4

Mar 18, 4:41 PM ET

Evans Lorelei 4

Research Summary

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Myers Industries (MYE) SVP Lorelei Evans Converts RSUs, Withholds Shares

What Happened
Lorelei Evans, Senior Vice President and CHRO of Myers Industries (MYE), had restricted stock units (RSUs) vest on March 16, 2026 and converted them into common shares. A total of 5,805 RSUs converted into 5,805 shares (1,487 + 1,719 + 2,599). To cover tax withholding, 1,720 shares were surrendered at $20.81 each, resulting in tax withholding of $35,793. These transactions are reported as derivative conversions (code M) and tax withholding/share surrender (code F).

Key Details

  • Transaction date: March 16, 2026. Filing date: March 18, 2026 (filed timely).
  • Converted (acquired) shares: 5,805 total (from three vested RSU tranches: 1,487; 1,719; 2,599).
  • Shares withheld for taxes (disposed): 441, 509, and 770 shares respectively — total 1,720 shares at $20.81 each. Total withheld value: $35,793.
  • Footnotes: RSUs convert one-for-one into common stock; the vested shares came from grants made in 2023, 2024, and 2025 with scheduled three-year vesting.
  • Shares owned after the transaction are not specified in the provided filing.

Context

  • This was a scheduled RSU vesting and conversion, not an open-market purchase or an active sale; the disposal entries reflect share withholding to satisfy tax obligations (a common, routine practice).
  • Transaction codes: M = exercise/conversion of derivative award (RSU conversion), F = payment of exercise price or tax liability via share withholding.
  • Because the filing reports vesting and tax withholding (not a discretionary sale), it should be viewed as routine compensation settlement rather than an independent bullish or bearish insider trade.