Egan Don A. 4
Research Summary
AI-generated summary
MYR Group (MYRG) SVP Don Egan Receives Performance Award; Withholds Shares
What Happened
- Don A. Egan, SVP and COO C&I of MYR Group (MYRG), had 1,657 performance shares vest on Feb 18, 2026 (reported Feb 20, 2026). The award is reported at $0.00 (typical for vested equity awards). To satisfy tax withholding, 501 shares were withheld/disposed at an indicated price of $260.90, generating ~$130,711 in withholding. Net shares issued to Egan after withholding = 1,156.
- Implied market value of the full vesting at the $260.90 price is about $432,311 (1,657 × $260.90), though the Form 4 records the award acquisition price as $0.00.
Key Details
- Transaction dates/prices: Vesting/acquisition (A) on 2026-02-18 — 1,657 shares @ $0.00; Tax withholding (F) on 2026-02-18 — 501 shares withheld @ $260.90 (disposed) = $130,711 (rounded).
- Shares owned after transaction: Not reported on this Form 4.
- Footnotes: F1 — shares received upon vesting of 2023 performance share awards for the performance period ending 12/31/2025. F2 — 501 shares were withheld to satisfy tax withholding obligations.
- Timeliness: Report filed 2026-02-20 for trades on 2026-02-18 — appears timely (filed within the usual 2-business-day Form 4 window).
- Transaction codes: A = Award/Grant (vesting); F = Shares withheld for tax withholding.
Context
- This was a vesting of performance-based restricted shares (not an open-market purchase or an exercise-to-sell). The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in the insider’s view of the company.
- For retail investors, purchases are often viewed as stronger signals than routine vesting/tax-withholding transactions; treat this as standard compensation-related activity rather than a directional insider trade.