Stern Brian K. 4
Research Summary
AI-generated summary
MYR Group (MYRG) SVP Brian K. Stern Receives Award of 919 Shares
What Happened
- Brian K. Stern, SVP and COO T&D of MYR Group (MYRG), had 919 performance shares vest on Feb 18, 2026 (awarded at $0 cost). To satisfy tax withholding, 285 of those shares were withheld/disposed at an effective value of $260.90 per share, totaling about $74,357. This was a vesting of previously granted performance shares, not an open-market purchase or sale.
Key Details
- Transaction date(s): February 18, 2026; Form 4 filed Feb 20, 2026 (timely filing).
- Award: 919 shares (code A) acquired at $0.00 on vesting.
- Tax withholding: 285 shares (code F) withheld/disposed at $260.90 each, total ≈ $74,357.
- Shares owned after the transaction: Not specified in the provided filing details.
- Footnotes: F1 — shares came from 2023 performance share awards for the performance period ended 12/31/2025; F2 — 285 shares withheld to satisfy tax withholding.
- No indication of a 10b5-1 sale plan or a late filing in the information provided.
Context
- This was a routine vesting of performance-based restricted stock (performance share award). The "disposal" of 285 shares reflects tax withholding (a cashless method), not a market sale signaling directional intent. For retail investors, vesting events are common and do not by themselves indicate the insider’s view on the stock.