DEFEO RONALD M 4
4 · MYERS INDUSTRIES INC · Filed Apr 24, 2026
Research Summary
AI-generated summary of this filing
Myers Industries (MYE) Director Ronald DeFeo Converts 6,250 Shares to RSUs
What Happened
Ronald M. DeFeo, a director of Myers Industries (MYE), reported a paired transaction on 2026-04-23: a disposition of 6,250 shares of common stock in exchange for the acquisition of 6,250 restricted stock units (stock units). The acquisition is recorded at $0.00 (derivative award); no cash sale or open-market transaction occurred. This was an administrative conversion/deferral of vested restricted stock units rather than a market sale or purchase.
Key Details
- Transaction date: 2026-04-23 (report filed 2026-04-24). Transaction codes: D = Disposition (6,250 shares), A = Award/Acquisition (6,250 stock units).
- Price/value: Disposition listed as N/A; acquisition listed at $0.00 (derivative award). No cash proceeds.
- Shares owned after transaction: not specified in the provided filing summary.
- Notable footnotes: DeFeo was awarded 6,250 RSUs on May 5, 2025 for his service through the 2026 Annual Meeting; the award vested at the meeting and he elected to defer receipt of common stock and receive stock units instead. RSUs convert to common stock one-for-one, and upon his cessation as a director the issuer will pay one share per stock unit then held.
- Filing timeliness: Filed the day after the reported transaction (appears timely).
Context
This is a deferral/conversion of vested RSUs into stock units (a derivative bookkeeping arrangement), not a discretionary sale or open-market purchase. Such transactions are typically administrative and do not necessarily signal insider buying or selling intent.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-04-23−6,250→ 59,788 total - Award
Restricted Stock Units
[F2][F3]2026-04-23+6,250→ 6,250 total→ Common Stock (6,250 underlying)
Footnotes (3)
- [F1]Upon the vesting of restricted stock units granted to the reporting person on May 5, 2025, the reporting person deferred the receipt of shares of common stock for such award and instead received stock units. As a result, the reporting person is reporting the disposition of 6,250 shares of common stock in exchange for an equal number of restricted stock units. On the date that the reporting person ceases to be a director for any reason whatsoever, or as soon thereafter as is reasonably practical, the Issuer shall make a payment to the reporting person of one share for every stock unit then held by the reporting person as payment with respect to each such stock unit.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]On May 5, 2025, the reporting person was awarded 6,250 restricted stock units with respect to the reporting person's service as a director of the Issuer commencing on that date until the 2026 Annual Meeting of Shareholders, at which time the reporting person's award vested. The reporting person deferred the receipt of common stock for such award and instead received stock units.