Richard S. Swartz Jr. - Mar 27, 2023 Form 4 Insider Report for MYR GROUP INC. (MYRG)

Signature
/s/ William F. Fry as Attorney-in-Fact for Richard S. Swartz, Jr.
Stock symbol
MYRG
Transactions as of
Mar 27, 2023
Transactions value $
-$3,331,251
Form type
4
Date filed
3/29/2023, 04:05 PM
Previous filing
Mar 27, 2023
Next filing
Aug 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYRG Common Stock Sale -$164K -1.39K -0.84% $118.09 163K Mar 27, 2023 Direct F1, F2
transaction MYRG Common Stock Sale -$701K -5.89K -3.61% $118.99 158K Mar 27, 2023 Direct F1, F3
transaction MYRG Common Stock Sale -$313K -2.61K -1.66% $119.85 155K Mar 27, 2023 Direct F1, F4
transaction MYRG Common Stock Sale -$1.18M -9.95K -6.42% $118.29 145K Mar 28, 2023 Direct F1, F5
transaction MYRG Common Stock Sale -$481K -4.03K -2.78% $119.23 141K Mar 28, 2023 Direct F1, F6
transaction MYRG Common Stock Sale -$495K -4.12K -2.93% $120.08 137K Mar 28, 2023 Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 24, 2023.
F2 Represents a weighted average price per share of 1,388 shares of common stock sold in 22 transactions, ranging in price from $117.32 to $118.32 per share. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
F3 Represents a weighted average price per share of 5,894 shares of common stock sold in 51 transactions, ranging in price from $118.34 to $119.34 per share. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
F4 Represents a weighted average price per share of 2,608 shares of common stock sold in 34 transactions, ranging in price from $119.35 to $120.08 per share. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
F5 Represents a weighted average price per share of 9,954 shares of common stock sold in 91 transactions, ranging in price from $117.73 to $118.73 per share. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
F6 Represents a weighted average price per share of 4,032 shares of common stock sold in 32 transactions, ranging in price from $118.74 to $119.72 per share. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.
F7 Represents a weighted average price per share of 4,124 shares of common stock sold in 18 transactions, ranging in price from $119.75 to $120.33 per share. The reporting person undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price within the range.