DEFEO RONALD M 4
Research Summary
AI-generated summary
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.