Stern Brian K. 4

What Happened

• Brian K. Stern, SVP and COO T&D of MYR Group (MYRG), had previously awarded restricted stock units (RSUs) vest and were settled into common shares on March 21–23, 2026. Gross vested shares: 1,341 (708 on 3/21; 347 on 3/22; 286 on 3/23). To satisfy tax withholding, 452 shares were surrendered (201, 127, 124 respectively), totaling about $119,199 withheld. After withholding, 889 net shares were delivered to Stern. Separately, Stern received a new grant of 1,202 RSUs on March 23, 2026 (these are derivative awards that vest over time).

Key Details

• Transaction dates and actions:
  • 2026-03-21: 708 RSUs converted to shares (M); 201 shares withheld for taxes (F) at $259.68/share = $52,196.
  • 2026-03-22: 347 RSUs converted to shares (M); 127 shares withheld for taxes (F) at $259.68/share = $32,979.
  • 2026-03-23: 286 RSUs converted to shares (M); 124 shares withheld for taxes (F) at $274.39/share = $34,024.
  • 2026-03-23: Grant (A) of 1,202 RSUs awarded (derivative).
• Totals: 1,341 RSUs vested, 452 shares withheld (~$119,199), 889 net shares issued; 1,202 RSUs newly granted.
• Footnotes: The vested units were RSUs awarded in prior years (Mar 21, 2025; Mar 22, 2024; Mar 23, 2023) that vest ratably over three years and settle one-for-one in common stock. The withheld shares were to satisfy tax obligations (net settlement).
• Filing: Form 4 filed 2026-03-24 covering transactions through 2026-03-23 — filing appears timely (not marked late).
• Shares owned after transaction: not specified in the provided data.

Context

• These transactions are vesting and tax-withholding events for RSUs (derivative conversions), not open-market purchases or discretionary sales. Withholding shares to cover taxes is routine and is a form of net settlement rather than a market sale driven by sentiment. The 1,202-share grant is an award (derivative RSUs) that will vest ratably over the applicable period per the plan.