Swartz Richard S. Jr. 4
4 · MYR GROUP INC. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
MYR Group CEO Richard Swartz Receives Award, Withholds Shares
What Happened
Richard S. Swartz Jr., President and CEO of MYR Group Inc. (MYRG), had 9,782 shares of common stock issued to him on February 18, 2026 upon vesting of performance share awards. To cover tax withholding on the vesting, 3,717 shares were withheld/disposed at $260.90 per share, representing $969,765. The award shares were recorded as acquired at $0 in the filing (standard for vested compensation awards).
Key Details
- Transaction date: 2026-02-18 (filed on 2026-02-20). Filing appears timely.
- Award: 9,782 shares issued upon vesting (code A) — recorded at $0 acquisition price.
- Tax withholding: 3,717 shares withheld/disposed (code F) at $260.90/share = $969,765.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnotes: F1 — shares came from 2023 performance share awards for the performance period ended 12/31/2025. F2 — shares were withheld to satisfy tax withholding obligations.
- No 10b5-1 plan or open-market sale is indicated in the filing.
Context
This was a routine vesting of performance-based equity and the withholding of shares to meet tax obligations — a common, administrative action rather than an open-market sale or a new purchase. Such withholdings reduce the net shares received but do not necessarily signal the insider's view on the company’s stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-18+9,782→ 162,256 total - Tax Payment
Common Stock
[F2]2026-02-18$260.90/sh−3,717$969,765→ 158,539 total
Footnotes (2)
- [F1]Shares of common stock received upon vesting of performance share awards granted in 2023 for the performance period ended December 31, 2025.
- [F2]Represents shares of common stock withheld to satisfy tax withholding obligations in connection with the vesting of performance shares.