MYR GROUP INC. 10-K

Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Our common stock, par value $ 0.01 , is listed on The Nasdaq Global Market under the symbol “MYRG.” Holders of Record As of February 18, 2022, we had 6 holders of record of our common stock. Dividend Policy We have neither declared nor paid any cash dividend on our common stock since our common stock began trading publicly on August 12, 2008. Any future determination to declare cash dividends will be made at the discretion of our board of directors, subject to compliance with legal requirements and covenants under any existing financing agreements, which may restrict or limit our ability to declare or pay dividends, and will depend on our financial condition, results of operations, capital requirements, general business conditions, and other factors that our board of directors may deem relevant. Purchases of Common Stock We did not purchase any shares of common stock in October, November or December of 2021. Performance Graph The following Performance Graph and related information shall be deemed “furnished” and not “filed” for purposes of Section 18 of the Exchange Act, and such information shall not be incorporated by reference into any future filing under the Securities Act or the Exchange Act except to the extent that we specifically incorporate it by reference into such filing . The following graph compares, for the period from December 31, 2016 to December 31, 2021, the cumulative total stockholder return on our common stock with the cumulative total return on the Standard & Poor’s 500 Index (the “S&P 500 Index”), the Russell 2000 Index, and a peer group index selected by our management that includes eleven publicly traded companies within our industry (the “Peer Group”). The comparison assumes that $100 was invested on December 31, 2016 and further assumes any dividends were reinvested quarterly. The stock price performance reflected on the following graph is not necessarily indicative of future stock price performance. The companies in the Peer Group were selected because they comprise a broad group of publicly traded companies, each of which has some operations similar to ours. When taken as a whole, the Peer Group more closely resembles our total business than any individual company in the group while reducing the impact of a significant change in any one of the Peer Group company’s stock price. For 2021, we removed Aegion Corporation from our Peer Group because they are no longer publicly traded. The Peer Group is composed of the following companies: Astec Industries, Inc. Granite Construction Incorporated Primoris Services Corporation* Comfort Systems USA, Inc. IES Holdings, Inc. Quanta Services, Inc.* Dycom Industries, Inc. MasTec, Inc.* Tetra Tech, Inc. EMCOR Group* Matrix Service Company ___________________________ * Considered our core group of peers with a more significant portion of operations being similar to ours than the overall group. Graph presents entire Peer Group. 25 TABLE OF CONTENTS COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among MYR Group, Inc., the S&P 500 Index, the Russell 2000 Index, and a Peer Group *$100 invested on 12/31/2016 in stock or including reinvestment of dividends. Fiscal year ending December 31. Copyright© 2022 Standard & Poor's, a division of S&P Global. All rights reserved Copyright© 2022 Russell Investment Group. All right reserved. 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 MYR Group Inc. 100.00 94.82 74.76 86.49 159.50 293.39 S&P 500 100.00 121.83 116.49 153.17 181.35 233.41 Russell 2000 100.00 114.65 102.02 128.06 153.62 176.39 Peer Group 100.00 116.63 88.70 118.27 154.33 221.98 Item 6. [Reserved]