Myers Industries (MYE) CEO exercises 26,042 RSUs and updates stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Myers Industries President and CEO Aaron M. Schapper exercised 26,042 restricted stock units into common shares. The RSUs converted to common stock on a one-for-one basis, reflecting the first vesting installment from a 78,125-unit grant awarded on March 10, 2025.
To cover tax obligations, 9,979 common shares were withheld at a price of $20.81 per share, which is treated as a tax-withholding disposition rather than an open-market sale. After these transactions, Schapper directly holds 18,035 shares of Myers Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
26,042 shares exercised/converted
Mixed
3 txns
Insider
Schapper Aaron M
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 26,042 | $0.00 | -- |
| Exercise | Common Stock | 26,042 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,979 | $20.81 | $208K |
Holdings After Transaction:
Restricted Stock Units — 52,083 shares (Direct);
Common Stock — 28,014 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. On March 10, 2025, the reporting person was granted 78,125 restricted stock units, subject to vesting in three equal annual installments on March 16, 2026, March 16, 2027, and March 16, 2028.
FAQ
What did Myers Industries (MYE) CEO Aaron Schapper report in this Form 4?
Aaron M. Schapper reported exercising 26,042 restricted stock units into Myers Industries common stock. These units were part of a larger 78,125-unit grant awarded in March 2025, vesting in three equal annual installments through March 2028.
How many Myers Industries RSUs did the CEO exercise and what was the basis?
He exercised 26,042 restricted stock units, each converting into one share of Myers Industries common stock. The RSUs represent a contingent right to receive stock and were granted on March 10, 2025, vesting in three equal annual tranches.
What is the origin of the restricted stock units exercised by the Myers Industries CEO?
The 26,042 restricted stock units exercised come from a 78,125-unit grant awarded on March 10, 2025. This grant vests in three equal annual installments on March 16 of 2026, 2027, and 2028, delivering common stock as each installment vests.
How are Myers Industries restricted stock units treated when they vest?
Each Myers Industries restricted stock unit converts into one share of common stock when it vests. The filing clarifies that every unit represents a contingent right to receive a single share, aligning executive compensation with long-term shareholder value.