Everus Construction (ECG) VP granted RSUs; shares withheld to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everus Construction Group VP of Human Resources Britney A. Hendricks reported mixed equity compensation activity. She received 1,830 restricted stock units that will vest in three equal annual installments beginning on February 27, 2027, as long as she remains continuously employed. Each unit converts into one share of common stock when it vests.
On the same date, 290 common shares were withheld at a price of $120.87 per share to cover tax obligations arising from a vesting RSU award. After these transactions, she directly owned 3,782 common shares, and 293 additional shares were held indirectly in a 401(k) plan by a trustee.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hendricks Britney A.
Role
VP of Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,830 | $0.00 | -- |
| Tax Withholding | Common Stock | 290 | $120.87 | $35K |
| holding | Common Stock - 401(k) | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,072 shares (Direct);
Common Stock - 401(k) — 293 shares (Indirect, By Trustee)
Footnotes (1)
- Represents restricted stock units (RSUs) that vest in three equal annual installments beginning on February 27, 2027, provided the reporting person remains continuously employed by the issuer through the applicable vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock. Represents shares withheld by issuer to cover tax withholding obligations upon vesting of a RSU award. As of the most recent quarter end, the number of shares may fluctuate daily depending on plan activity in the fund.
FAQ
What insider transactions did Everus Construction Group (ECG) report for Britney A. Hendricks?
Everus reported that VP of Human Resources Britney A. Hendricks received 1,830 restricted stock units and had 290 common shares withheld to pay taxes on a vesting award. These transactions reflect routine equity compensation rather than open-market buying or selling of Everus stock.
How do Britney A. Hendricks’s new Everus (ECG) RSUs vest over time?
The 1,830 restricted stock units granted to Britney A. Hendricks vest in three equal annual installments starting on February 27, 2027. Vesting requires that she remain continuously employed by Everus Construction Group through each vesting date, aligning the award with long-term service at the company.
What does the Everus (ECG) Form 4 say about Britney Hendricks’s 401(k) holdings?
The Form 4 shows 293 Everus common shares held indirectly for Britney Hendricks through a 401(k) plan, with a trustee listed as the owner. The filing notes that this share count may fluctuate daily based on plan activity, reflecting normal retirement-plan investment movements.