Michael McGaugh - Mar 15, 2023 Form 4 Insider Report for MYERS INDUSTRIES INC (MYE)

Role
President and CEO, Director
Signature
/s/ J. Bret Treier, attorney in fact for Michael McGaugh
Stock symbol
MYE
Transactions as of
Mar 15, 2023
Transactions value $
-$768,859
Form type
4
Date filed
3/17/2023, 05:21 PM
Previous filing
Mar 14, 2023
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYE Common Stock Options Exercise $0 +9.41K +8.26% $0.00 123K Mar 15, 2023 Direct F1
transaction MYE Common Stock Tax liability -$77.8K -3.92K -3.17% $19.87 119K Mar 15, 2023 Direct
transaction MYE Common Stock Options Exercise $0 +77.6K +64.96% $0.00 197K Mar 15, 2023 Direct F2
transaction MYE Common Stock Tax liability -$642K -32.3K -16.38% $19.87 165K Mar 15, 2023 Direct
transaction MYE Common Stock Options Exercise $0 +5.94K +3.6% $0.00 171K Mar 16, 2023 Direct F1
transaction MYE Common Stock Tax liability -$49.4K -2.47K -1.45% $19.97 168K Mar 16, 2023 Direct

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 MYE Restricted Stock Units Options Exercise $0 -9.41K -33.33% $0.00 18.8K Mar 15, 2023 Common Stock 9.41K Direct F3, F4
transaction MYE Performance Stock Units Options Exercise $0 -77.6K -100% $0.00* 0 Mar 15, 2023 Common Stock 77.6K Direct F5
transaction MYE Restricted Stock Units Options Exercise $0 -5.94K -50% $0.00 5.94K Mar 16, 2023 Common Stock 5.94K Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 The shares were received for no consideration upon satisfaction of performance criteria underlying an award of performance stock units granted April 28, 2020.
F3 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F4 On March 15, 2022, the reporting person was granted 28,241 restricted stock units, vesting in three equal annual installments on March 15, 2023, March 15, 2024, and March 15, 2025.
F5 Each performance stock unit represents a contingent right to receive one share of the Issuer's Common Stock based upon the Issuer's average adjusted EBITDA (50%) and average ROIC (50%) over a three-year performance period ending December 31, 2022.
F6 On March 16, 2021, the reporting person was granted 17,818 restricted stock units, vesting in three equal annual installments on March 16, 2022, March 16, 2023, and March 16, 2024.