Everus Construction (ECG) VP gets 1,424 RSUs, 303 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Everus Construction Group VP of Corp. Dev. & Strategy Timothy Ryan Sznewajs reported equity compensation and related tax withholding. He was granted 1,424 restricted stock units at no cost, vesting in three equal annual installments beginning February 27, 2027, contingent on continued employment. To cover tax obligations upon RSU vesting, 303 common shares were withheld by the issuer at $120.87 per share. After these transactions, he directly owns 14,575 shares of Everus common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sznewajs Timothy Ryan
Role
VP of Corp. Dev. & Strategy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,424 | $0.00 | -- |
| Tax Withholding | Common Stock | 303 | $120.87 | $37K |
Holdings After Transaction:
Common Stock — 14,878 shares (Direct)
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.
FAQ
What insider transactions did ECG executive Timothy Ryan Sznewajs report?
Timothy Ryan Sznewajs reported a grant of 1,424 restricted stock units and a related tax-withholding disposition of 303 common shares. The RSUs vest over time, and the withheld shares were used to satisfy tax obligations tied to RSU vesting.
What are the terms of the 1,424 RSUs granted to the ECG executive?
The 1,424 restricted stock units vest in three equal annual installments starting February 27, 2027. Vesting requires the executive to remain continuously employed by Everus Construction Group through each applicable vesting date, with each RSU representing one common share.
When do the newly granted ECG restricted stock units begin vesting?
The newly granted restricted stock units begin vesting on February 27, 2027. They vest in three equal annual installments, provided Timothy Ryan Sznewajs remains continuously employed by Everus Construction Group through each scheduled vesting date.