Kerin Andrew Charles 4

What Happened

• Director Kerin Andrew Charles was granted 967.94 restricted stock units (RSUs) on May 12, 2026. The award was reported as an "A" (award/acquisition) transaction at $0.00 per share (i.e., no cash paid at grant). RSUs settle one-for-one into common stock when they vest. This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-12; Form 4 filed: 2026-05-14 (timely within required reporting window).
• Transaction type/code: Grant / Award (A).
• Shares granted: 967.94 RSUs; reported acquisition price: $0.00; total reported value at grant: $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: RSUs vest on the earlier of (a) May 12, 2027, or (b) one day prior to the company's 2027 annual meeting, subject to continued service. RSUs vest immediately upon death, disability, or involuntary termination without cause following a change of control. RSUs convert to common stock on a one-for-one basis.
• No indication of a 10b5-1 plan, tax-withholding sale, or late filing in the provided data.

Context

• RSU grants are a form of equity compensation; they typically indicate company compensation for service rather than a direct statement of the insider’s market view. Vesting conditions and timing determine when shares are issued and when the insider may be able to sell them.