MEC CEO Reddy (NYSE: MEC) sells 17,294 shares under 10b5-1 plan
Rhea-AI Filing Summary
Mayville Engineering Company, Inc. President & CEO Jagadeesh A. Reddy filed an amended insider report showing he sold 17,294 shares of common stock on June 1, 2026 at a weighted average price of $30.0001 per share. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 12, 2025.
The amendment corrects an earlier report that had stated 17,942 shares were sold and adjusts the number of shares beneficially owned after the transaction. Following the sale, Reddy directly held 141,093 common shares, plus indirect holdings of 380 shares by his daughter and 2,300 shares through an ESOP and 401(k) plan.
Reddy also retained equity incentives, including stock options representing 88,901 underlying common shares at an exercise price of $16.22, and several tranches of restricted stock units covering 74,986, 55,284 and 36,317 underlying common shares that vest in annual installments on March 15 from 2025 through 2029.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 17,294 shares ($518,822)
Net Sell
7 txns
Insider
Reddy Jagadeesh A
Role
President & CEO
Sold
17,294 shs ($519K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 17,294 | $30.0001 | $519K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 141,093 shares (Direct);
Restricted Stock Units — 36,317 shares (Direct);
Stock Option (right to buy) — 88,901 shares (Direct);
Common Stock — 2,300 shares (Indirect, by ESOP and/or 401(k) Plan)
Footnotes (1)
- The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2025. The Form 4 filed on June 2, 2026 reported the sale of 17,942 shares on June 1, 2026. This amended Form 4 is being filed to report that the reporting person actually sold 17,294 shares on June 1, 2026 and to correct the number of shares beneficially owned following the reported transaction. The price in Column 4 is a weighted average price. The prices actually received ranged from $30.00 to $30.01. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price. Reflects the most recent ESOP and 401(k) balance. The restricted stock units will vest 1/3 on each of March 15, 2025, 2026 and 2027. The restricted stock units will vest 1/3 on each of March 15, 2026, 2027 and 2028. The restricted stock units will vest 1/3 on each of March 15, 2027, 2028 and 2029. The options will vest 50% on each of February 28, 2024 and February 28, 2025.
Key Figures
Shares sold: 17,294 shares
Weighted average sale price: $30.0001 per share
Direct common shares after sale: 141,093 shares
+5 more
8 metrics
Shares sold
17,294 shares
Open-market sale on June 1, 2026
Weighted average sale price
$30.0001 per share
Common stock sale on June 1, 2026
Direct common shares after sale
141,093 shares
Shares beneficially owned following transaction
Indirect holdings by daughter
380 shares
Common stock held indirectly
ESOP/401(k) holdings
2,300 shares
Most recent ESOP and 401(k) balance
Stock options
88,901 underlying shares at $16.22
Options outstanding, direct ownership
RSUs tranche 1
74,986 underlying shares
RSUs vesting 1/3 on March 15, 2025–2027
RSUs tranche 2
55,284 underlying shares
RSUs vesting 1/3 on March 15, 2026–2028
Key Terms
Rule 10b5-1 trading plan, weighted average price, restricted stock units, ESOP, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"The reported transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 12, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"The restricted stock units will vest 1/3 on each of March 15, 2025, 2026 and 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
ESOP financial
"Reflects the most recent ESOP and 401(k) balance."
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) Plan financial
"by ESOP and/or 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Stock Option (right to buy) financial
"Stock Option (right to buy)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MEC CEO Jagadeesh Reddy report on June 1, 2026?
MEC President & CEO Jagadeesh A. Reddy reported selling 17,294 shares of common stock on June 1, 2026 at a weighted average price of $30.0001. This was an open-market sale disclosed in an amended Form 4 filing.
Why was this Form 4/A for Mayville Engineering (MEC) filed as an amendment?
The Form 4/A corrects a prior report that had stated Reddy sold 17,942 shares on June 1, 2026. The amendment revises the actual number sold to 17,294 and updates his beneficial ownership totals following the transaction.
What stock options and RSUs does the MEC CEO retain after the June 2026 sale?
Reddy retained options over 88,901 common shares at a $16.22 exercise price and restricted stock units covering 74,986, 55,284 and 36,317 underlying shares. The RSUs vest in equal thirds on March 15 dates between 2025 and 2029.