Trivedi Pratik 4

What Happened Pratik Trivedi, Senior Vice President of CTS CORP (CTS), surrendered 289 shares of CTS common stock to satisfy tax withholding obligations upon the vesting of restricted stock. The shares were valued at $54.19 each, for a total of $15,661. This was a tax-withholding share surrender (routine disposition), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-05
• Price per share reported: $54.19
• Total value of shares surrendered: $15,661
• Transaction code: F (tax withholding upon vesting)
• Footnote: Shares were surrendered to satisfy tax withholding obligations under a restricted stock agreement.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing: Form 4 filed 2026-02-09 (filed within the typical 2 business-day window following the transaction).

Context This type of transaction is a routine administrative action to cover taxes when restricted shares vest (often called a cashless surrender or share withholding) and does not necessarily signal insider buying or selling for investment reasons. It reduces the insider’s outstanding share count but is distinct from an open-market sale.