Karna Ajoy Hari 4

What Happened Karna Ajoy Hari, a director of MYR Group, reported restricted stock unit (RSU) activity: 1,160 RSUs vested and were converted into shares on April 24, 2026 and were settled on a one-for-one basis, but the payment of those shares has been deferred under the company’s non-employee director deferral program. Separately, 414 RSUs were granted on April 23, 2026 (award recorded at $0), representing a contingent right to receive one share each on April 23, 2027; payment of those future shares will also be deferred per the director deferral program. No cash purchase or open-market sale is reported.

Key Details

• Transactions recorded:
  • 2026-04-24 — Exercise/conversion of derivative (M): 1,160 RSUs converted/settled (reported as acquired/disposed in filing; price $0 / N/A).
  • 2026-04-23 — Grant/award (A): 414 RSUs awarded @ $0.00 (derivative).
• Consideration / value: RSUs recorded at $0 (typical for awards); no cash proceeds or market sale reported.
• Shares owned after transaction: not specified in the provided data.
• Filing: Form 4 filed Apr 27, 2026 for reporting period ending Apr 23, 2026.
• Notable footnotes:
  • F1: The 1,160 RSUs were awarded on Apr 24, 2025, vested on Apr 24, 2026, settled one-for-one into shares, and the payment of those shares was deferred under the issuer’s non-employee director deferral program.
  • F2: The 414 RSUs represent contingent rights to 414 shares, convert on Apr 23, 2027, and payment will be deferred per the same deferral program.

Context These entries reflect compensation-related RSU vesting and grant activity for a non-employee director and not an open-market buy or sale. The 1,160 vested RSUs were effectively converted into shares and then deferred (a common payroll/deferral procedure), while the 414 RSUs are a future contingent award converting next year. Such awards are routine director compensation and do not by themselves indicate a personal purchase or sale decision in the market.