MYR Group Management

Management criteria checks 3/4

MYR Group's CEO is Rick Swartz, appointed in Jan 2017, has a tenure of 7.83 years. total yearly compensation is $4.62M, comprised of 18.8% salary and 81.2% bonuses, including company stock and options. directly owns 0.88% of the company’s shares, worth €20.07M. The average tenure of the management team and the board of directors is 4.7 years and 7.5 years respectively.

Key information

Rick Swartz

Chief executive officer

US$4.6m

Total compensation

CEO salary percentage	18.8%
CEO tenure	7.8yrs
CEO ownership	0.9%
Management average tenure	4.7yrs
Board average tenure	7.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rick Swartz's remuneration changed compared to MYR Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$38m
Jun 30 2024	n/a	n/a	US$49m
Mar 31 2024	n/a	n/a	US$87m
Dec 31 2023	US$5m	US$870k	US$91m
Sep 30 2023	n/a	n/a	US$92m
Jun 30 2023	n/a	n/a	US$88m
Mar 31 2023	n/a	n/a	US$86m
Dec 31 2022	US$4m	US$813k	US$83m
Sep 30 2022	n/a	n/a	US$80m
Jun 30 2022	n/a	n/a	US$84m
Mar 31 2022	n/a	n/a	US$86m
Dec 31 2021	US$4m	US$769k	US$85m
Sep 30 2021	n/a	n/a	US$82m
Jun 30 2021	n/a	n/a	US$77m
Mar 31 2021	n/a	n/a	US$69m
Dec 31 2020	US$3m	US$717k	US$59m
Sep 30 2020	n/a	n/a	US$53m
Jun 30 2020	n/a	n/a	US$46m
Mar 31 2020	n/a	n/a	US$40m
Dec 31 2019	US$3m	US$681k	US$38m
Sep 30 2019	n/a	n/a	US$36m
Jun 30 2019	n/a	n/a	US$33m
Mar 31 2019	n/a	n/a	US$33m
Dec 31 2018	US$2m	US$591k	US$31m
Sep 30 2018	n/a	n/a	US$34m
Jun 30 2018	n/a	n/a	US$31m
Mar 31 2018	n/a	n/a	US$26m
Dec 31 2017	US$2m	US$564k	US$21m

Compensation vs Market: Rick's total compensation ($USD4.62M) is above average for companies of similar size in the German market ($USD1.64M).

Compensation vs Earnings: Rick's compensation has been consistent with company performance over the past year.

CEO

Rick Swartz (60 yo)

7.8yrs

Tenure

US$4,622,911

Compensation

Mr. Richard S. Swartz, Jr., also known as Rick, has been the Chief Executive Officer and President of MYR Group Inc. since January 1, 2017. Mr. Swartz serves as the Director at MYR Group Inc. since April 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Swartz	President	7.8yrs	US$4.62m	0.88% € 20.1m
Kelly Huntington	Senior VP & CFO	1.8yrs	US$1.66m	0.019% € 430.1k
William Fry	Senior VP	5.8yrs	US$1.28m	0.076% € 1.7m
Don Egan	Senior VP & COO of Commercial and Industrial	1.5yrs	US$1.35m	0.046% € 1.1m
A. Barrett	Vice President of Human Resources	4.7yrs	no data	no data
Brian Stern	Senior VP & COO of Transmission & Distribution	1.1yrs	no data	0.011% € 256.4k
Jennifer Harper	VP & Treasurer	4.8yrs	no data	no data
D. Lamont	President of Harlan Electric Co	no data	no data	no data
R. Thomson	President of High Country Line Construction	no data	no data	no data
Steven Watts	Chief Executive Officer of CSI Electrical Contractors	no data	no data	no data
Michael Martelli	President of Powerline Plus Ltd & PLP Redimix Ltd	no data	no data	no data

4.7yrs

Average Tenure

51yo

Average Age

Experienced Management: MYP's management team is considered experienced (4.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Swartz	President	5.6yrs	US$4.62m	0.88% € 20.1m
Kenneth Hartwick	Independent Chairman	9.3yrs	US$290.00k	0.14% € 3.3m
Donald C. Lucky	Independent Director	9.3yrs	US$202.38k	0.12% € 2.7m
William Patterson	Independent Director	16.9yrs	US$204.88k	0.20% € 4.6m
Jennifer Lowry	Independent Director	6.3yrs	US$204.88k	0.062% € 1.4m
Bradley Favreau	Independent Director	8.6yrs	US$189.88k	0.079% € 1.8m
Ajoy Karna	Independent Director	2.5yrs	US$189.88k	0.014% € 326.9k
Shirin O'connor	Independent Director	4.6yrs	US$189.88k	0.033% € 765.6k

7.5yrs

Average Tenure

60yo

Average Age

Experienced Board: MYP's board of directors are considered experienced (7.5 years average tenure).

MYR Group Management

Management criteria checks 3/4

Key information

Recent management updates

MYR Group Inc., Annual General Meeting, Apr 24, 2024

MYR Group Inc. Announces Executive Changes, Effective March 1, 2024

VP, Chief Legal Officer & Secretary recently sold €465k worth of stock

Insufficient new directors

Insider recently sold €2.7m worth of stock

MYR Group Inc. Announces Executive Changes

Recent updates

Investor sentiment improves as stock rises 25%

Third quarter 2024 earnings released: EPS: US$0.65 (vs US$1.29 in 3Q 2023)

MYR Group Inc. to Report Q3, 2024 Results on Oct 30, 2024

Investor sentiment improves as stock rises 15%

Investor sentiment deteriorates as stock falls 33%

Second quarter 2024 earnings released: US$0.91 loss per share (vs US$1.33 profit in 2Q 2023)

New minor risk - Share price stability

MYR Group Inc. to Report Q2, 2024 Results on Jul 31, 2024

Investor sentiment improves as stock rises 17%

MYR Group Inc. (NasdaqGS:MYRG) announces an Equity Buyback for $75 million worth of its shares.

First quarter 2024 earnings released: EPS: US$1.13 (vs US$1.39 in 1Q 2023)

MYR Group Inc. to Report Q1, 2024 Results on May 01, 2024

MYR Group Inc., Annual General Meeting, Apr 24, 2024

Full year 2023 earnings released: EPS: US$5.45 (vs US$4.98 in FY 2022)

MYR Group Inc. to Report Q4, 2023 Results on Feb 28, 2024

MYR Group Inc. Announces Executive Changes, Effective March 1, 2024

MYR Group Inc. (NasdaqGS:MYRG) announces an Equity Buyback for $75 million worth of its shares.

Third quarter 2023 earnings released: EPS: US$1.29 (vs US$1.11 in 3Q 2022)

MYR Group Inc. to Report Q3, 2023 Results on Oct 25, 2023

VP, Chief Legal Officer & Secretary recently sold €465k worth of stock

Second quarter 2023 earnings released: EPS: US$1.33 (vs US$1.17 in 2Q 2022)

MYR Group Inc. to Report Q2, 2023 Results on Jul 26, 2023

Insufficient new directors

First quarter 2023 earnings released: EPS: US$1.39 (vs US$1.22 in 1Q 2022)

Insider recently sold €2.7m worth of stock

Investor sentiment improves as stock rises 27%

Full year 2022 earnings released: EPS: US$4.98 (vs US$5.05 in FY 2021)

MYR Group Inc. to Report Q4, 2022 Results on Feb 22, 2023

MYR Group Inc. Announces Executive Changes

Insider recently sold €263k worth of stock

Investor sentiment improved over the past week

MYR Group Inc. (NasdaqGS:MYRG) announces an Equity Buyback for $75 million worth of its shares.

Third quarter 2022 earnings released: EPS: US$1.11 (vs US$1.37 in 3Q 2021)

MYR Group Inc. to Report Q3, 2022 Results on Oct 26, 2022

Senior VP & CFO recently sold €975k worth of stock

Second quarter 2022 earnings released: EPS: US$1.17 (vs US$1.26 in 2Q 2021)

MYR Group Inc. to Report Q2, 2022 Results on Jul 27, 2022

MYR Group Inc.(NasdaqGS:MYRG) dropped from Russell Microcap Value Index

MYR Group Inc. (NasdaqGS:MYRG) announces an Equity Buyback for $75 million worth of its shares.

MYR Group Inc. Announces the Appointment of Ajoy H. Karna to the Company's Board of Directors

Insufficient new directors

First quarter 2022 earnings released: EPS: US$1.22 (vs US$1.19 in 1Q 2021)

MYR Group, Inc Announces Resignation of William A. Koertner as Member of the Board of Directors

MYR Group Inc. to Report Q1, 2022 Results on Apr 27, 2022

Director recently sold €422k worth of stock

MYR Group Inc., Annual General Meeting, Apr 21, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

MYR Group Inc. to Report Q4, 2021 Results on Feb 23, 2022

Director recently sold €1.0m worth of stock

Director recently sold €987k worth of stock

Third quarter 2021 earnings released: EPS US$1.37 (vs US$1.04 in 3Q 2020)

Director recently sold €851k worth of stock

Second quarter 2021 earnings released: EPS US$1.26 (vs US$0.80 in 2Q 2020)

Director recently sold €334k worth of stock

Senior VP & CFO recently sold €256k worth of stock

Investor sentiment improved over the past week

First quarter 2021 earnings released: EPS US$1.19 (vs US$0.60 in 1Q 2020)

Investor sentiment improved over the past week

Senior VP & CFO recently sold €374k worth of stock

New 90-day high: €55.00

Full year 2020 earnings released: EPS US$3.52 (vs US$2.27 in FY 2019)

Revenue beats expectations

MYR Group Inc., Annual General Meeting, Apr 22, 2021

MYR Group Inc. to Report Q4, 2020 Results on Mar 03, 2021

New 90-day high: €51.00

New 90-day high: €49.40

New 90-day high: €44.40

Director recently sold €466k worth of stock

New 90-day high: €40.00