Todd M. Butz - 21 Aug 2024 Form 4 Insider Report for Mayville Engineering Company, Inc. (MEC)

Signature
/s/ Russell E. Ryba, Attorney-in-Fact for Todd M. Butz
Issuer symbol
MEC
Transactions as of
21 Aug 2024
Net transactions value
-$1,124,469
Form type
4
Filing time
22 Aug 2024, 17:17:34 UTC
Previous filing
19 Mar 2024
Next filing
08 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEC Common Stock Options Exercise $0 +88,029 +71% $0.000000 212,625 21 Aug 2024 Direct
transaction MEC Common Stock Tax liability $1,124,469 -58,719 -28% $19.15 153,906 21 Aug 2024 Direct
holding MEC Common Stock 39,726 21 Aug 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 Stock Option (right to buy) Options Exercise $0 -88,029 -100% $0.000000 0 21 Aug 2024 Common Stock 88,029 $7.12 Direct F2
holding MEC Stock Option (right to buy) 39,127 21 Aug 2024 Common Stock 39,127 $17.00 Direct F3
holding MEC Stock Option (right to buy) 39,683 21 Aug 2024 Common Stock 39,683 $14.01 Direct F4
holding MEC Stock Option (right to buy) 69,963 21 Aug 2024 Common Stock 69,963 $10.32 Direct F5
holding MEC Stock Option (right to buy) 40,410 21 Aug 2024 Common Stock 40,410 $16.22 Direct F6
holding MEC Restricted Stock Units 11,560 21 Aug 2024 Common Stock 11,560 $0.000000 Direct F7
holding MEC Restricted Stock Units 52,841 21 Aug 2024 Common Stock 52,841 $0.000000 Direct F8
* 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 options will vest 50% on each of February 27, 2021 and February 27, 2022.
F3 The options will vest 50% on each of May 8, 2020 and May 8, 2021.
F4 The options will vest 50% on each of February 28, 2022 and February 28, 2023.
F5 The options will vest 50% on each of February 28, 2023 and February 28, 2024.
F6 The options will vest 50% on each of February 28, 2024 and February 28, 2025.
F7 The restricted stock units will vest 50% on each of February 28, 2024 and February 28, 2025.
F8 The restricted stock units will vest 1/3 on each of March 15, 2025, 2026 and 2027.