Jagadeesh A. Reddy - 19 Jul 2024 Form 4 Insider Report for Mayville Engineering Company, Inc. (MEC)

Role
President & CEO, Director
Signature
/s/ Russell E. Ryba, Attorney-in-Fact for Jagadeesh A. Reddy
Issuer symbol
MEC
Transactions as of
19 Jul 2024
Net transactions value
-$279,117
Form type
4
Filing time
23 Jul 2024, 16:59:25 UTC
Previous filing
19 Mar 2024
Next filing
07 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEC Common Stock Options Exercise $0 +32,051 +48% $0.000000 98,212 19 Jul 2024 Direct
transaction MEC Common Stock Tax liability $279,117 -15,063 -15% $18.53 83,149 19 Jul 2024 Direct
holding MEC Common Stock 1,560 19 Jul 2024 by ESOP and/or 401(k) Plan F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MEC Restricted Stock Units Options Exercise $0 -32,051 -50% $0.000000 32,051 19 Jul 2024 Common Shares 32,051 $0.000000 Direct F2
holding MEC Restricted Stock Units 25,432 19 Jul 2024 Common Shares 25,432 $0.000000 Direct F3
holding MEC Restricted Stock Units 108,950 19 Jul 2024 Common Shares 108,950 $0.000000 Direct F4
holding MEC Stock Option (right to buy) 88,901 19 Jul 2024 Common Shares 88,901 $16.22 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the most recent ESOP and 401(k) balance.
F2 The restricted stock units will vest 1/3 on each of July 19, 2023, 2024 and 2025.
F3 The restricted stock units will vest 50% on each of February 28, 2024 and February 28, 2025.
F4 The restricted stock units will vest 1/3 on each of March 15, 2025, 2026 and 2027.
F5 The options will vest 50% on each of February 28, 2024 and February 28, 2025.