Favreau Bradley Thede 4
Research Summary
AI-generated summary
MYR Group (MYRG) Director Favreau Thede Receives Award, Converts 1,160 Shares
What Happened
Favreau Bradley Thede, a director of MYR Group, had 1,160 restricted stock units (RSUs) vest and be settled into 1,160 shares on April 24, 2026; the filing also reports a same-day disposition of those 1,160 derivative shares. Separately, Thede was granted 414 RSUs on April 23, 2026 (no cash price), which per the filing will convert into 414 shares on April 23, 2027. No cash amounts or sale prices are reported for the converted/disposed shares in this filing.
Key Details
- Transaction dates: RSU grant 4/23/2026 (414 RSUs); RSU vesting/settlement and conversion 4/24/2026 (1,160 RSUs -> 1,160 shares) and same-day reported disposition of 1,160 shares.
- Reported prices/values: all items shown at $0.00 or N/A in the filing; no cash sale price or proceeds disclosed.
- Shares owned after transaction: not listed in this Form 4 (not disclosed in the filing).
- Footnotes: F1 — the 1,160 RSUs were awarded 4/24/2025, vested 4/24/2026 and were settled one-for-one into common shares. F2 — the 414 RSUs will convert into 414 shares on 4/23/2027.
- Filing timeliness: Form 4 was filed 4/27/2026 for transactions on 4/23–4/24/2026; this filing date is within the typical Form 4 reporting window (no late filing indicated).
Context
This is mainly an award/vesting and conversion of RSUs rather than an open-market buy or sell by the insider. The filing shows the converted RSUs were also reported as disposed the same day, but no sale proceeds are reported (listed as $0.00/N/A), so the Form 4 does not state whether shares were sold for cash, transferred, or used to satisfy tax withholding. Grants and routine vesting like this are common and do not, by themselves, indicate the insider’s view on the company’s stock.