WEEKS WENDELL P 4

What Happened
Wendell P. Weeks (Chairman, CEO & President) was granted a total of 263,180 performance share units (PSUs) on Feb 4, 2026 (awards of 120,365; 80,500; 62,315 PSUs). A conversion/exercise of 10,473 of those units occurred and 10,473 shares were withheld to satisfy tax obligations at $109.69/share, generating proceeds/withholding value of $1,148,783. The remaining 252,707 PSUs are restricted and will convert to common stock according to scheduled vesting.

Key Details

• Transaction date: Feb 4, 2026; Form 4 filed Feb 6, 2026 (appears timely under Form 4 rules).
• Awards (A): 120,365; 80,500; 62,315 PSUs granted at $0.00 (derivative awards).
• Conversion/exercise (M) and tax withholding (F): 10,473 shares were converted/settled and withheld at $109.69/share for taxes (total ~$1.15M).
• Net new shares subject to vesting after withholding: 252,707 PSUs (will convert to shares upon vesting).
• Vesting schedule (per filing footnotes): portions of the earned PSUs vest/convert on: April 15, 2026 (120,365 PSUs), April 15, 2027 (80,500 PSUs), and April 14, 2028 (62,315 PSUs), subject to service-based vesting.
• Footnotes: F1 clarifies each PSU equals a contingent right to one share; F10/F8/F9 note shares were withheld to satisfy tax requirements under the relevant agreements.

Context

• These transactions are compensation-related awards (PSUs) earned after performance criteria were met for fiscal 2025; they are not open-market purchases or discretionary sales.
• The conversion plus withholding is a common “cashless” approach to cover taxes when equity awards vest — withholding reduces the number of shares actually delivered.
• Filing does not indicate a market-timed purchase or sale intended as an investment signal; the grants are part of executive compensation and remain largely restricted until stated vesting dates.