Richard S. Swartz Jr. - 23 Mar 2023 Form 4 Insider Report for MYR GROUP INC. (MYRG)

Role
President and CEO
Signature
/s/ William F. Fry as Attorney-in-Fact for Richard S. Swartz, Jr.
Issuer symbol
MYRG
Transactions as of
23 Mar 2023
Net transactions value
-$653,513
Form type
4
Filing time
27 Mar 2023, 16:30:14 UTC
Previous filing
17 Feb 2023
Next filing
29 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYRG Common Stock Options Exercise $0 +5,957 +3.8% $0.000000 163,581 23 Mar 2023 Direct F1
transaction MYRG Common Stock Tax liability $303,637 -2,607 -1.6% $116.47 160,974 23 Mar 2023 Direct F2
transaction MYRG Common Stock Options Exercise $0 +3,817 +2.4% $0.000000 164,791 23 Mar 2023 Direct F3
transaction MYRG Common Stock Tax liability $194,505 -1,670 -1% $116.47 163,121 23 Mar 2023 Direct F2
transaction MYRG Common Stock Options Exercise $0 +3,049 +1.9% $0.000000 166,170 23 Mar 2023 Direct F3
transaction MYRG Common Stock Tax liability $155,371 -1,334 -0.8% $116.47 164,836 23 Mar 2023 Direct F2

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 MYRG RESTRICTED STOCK UNIT Options Exercise $0 -5,957 -100% $0.000000* 0 23 Mar 2023 Common Stock 5,957 Direct F1
transaction MYRG RESTRICTED STOCK UNIT Options Exercise $0 -3,817 -50% $0.000000 3,816 23 Mar 2023 Common Stock 3,817 Direct F3
transaction MYRG RESTRICTED STOCK UNIT Options Exercise $0 -3,049 -33% $0.000000 6,098 23 Mar 2023 Common Stock 3,049 Direct F3
transaction MYRG RESTRICTED STOCK UNIT Award $0 +9,118 $0.000000 9,118 23 Mar 2023 Common Stock 9,118 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Restricted Stock Units, which were awarded on April 27, 2020 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vested ratably on April 27, 2021, March 23, 2022 and March 23, 2023 and were settled in shares of the Issuer's common stock on a one-for-one basis.
F2 Represents shares of the Issuer's common stock withheld to satisfy tax withholding obligations in connection with the vesting of Restricted Stock Units granted pursuant to the Issuer's 2017 Long-Term Incentive Plan.
F3 These Restricted Stock Units, which were awarded on March 23, 2021 and 2022 pursuant to the Issuer's 2017 Long-Term Incentive Plan, vest ratably over three years and were settled in shares of the Issuer's common stock on a one-for-one basis.
F4 Each Restricted Stock Unit, awarded pursuant to the Issuer's 2017 Long-Term Incentive Plan, represents a contingent right to receive one share of the Issuer's common stock. The Restricted Stock Units vest ratably over three years beginning on the first anniversary of the grant date.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney.