Jagadeesh A. Reddy - Jul 19, 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
Stock symbol
MEC
Transactions as of
Jul 19, 2024
Transactions value $
-$279,117
Form type
4
Date filed
7/23/2024, 04:59 PM
Previous filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEC Common Stock Options Exercise $0 +32.1K +48.44% $0.00 98.2K Jul 19, 2024 Direct
transaction MEC Common Stock Tax liability -$279K -15.1K -15.34% $18.53 83.1K Jul 19, 2024 Direct
holding MEC Common Stock 1.56K Jul 19, 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 -32.1K -50% $0.00 32.1K Jul 19, 2024 Common Shares 32.1K $0.00 Direct F2
holding MEC Restricted Stock Units 25.4K Jul 19, 2024 Common Shares 25.4K $0.00 Direct F3
holding MEC Restricted Stock Units 109K Jul 19, 2024 Common Shares 109K $0.00 Direct F4
holding MEC Stock Option (right to buy) 88.9K Jul 19, 2024 Common Shares 88.9K $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.