O'SULLIVAN KIERAN M 4

What Happened Kieran O'Sullivan, President & CEO and Director of CTS CORP (CTS), surrendered a total of 6,980 shares to satisfy tax withholding obligations related to the vesting of restricted stock. The disposition consisted of 3,237 shares and 3,743 shares, each recorded at $55.58 per share, for proceeds (values surrendered) of $179,912 and $208,036 respectively — about $387,948 in aggregate. This was a routine tax-withholding disposition (code F), not an open-market sale motivated by investment views.

Key Details

• Transaction date: 2026-02-09
• Price per share: $55.58
• Shares surrendered: 3,237 and 3,743 (total 6,980)
• Reported values: $179,912 and $208,036 (total ≈ $387,948)
• Form filed: 2026-02-11 — appears to have been filed within the normal 2-business-day window
• Footnote: F1 — shares surrendered to satisfy tax withholding upon vesting of restricted stock awards
• Shares owned after transaction: Not specified on the reported Form 4

Context This transaction reflects a cashless-like tax withholding mechanism common when restricted stock vests: the company withholds (or the insider surrenders) shares to cover the tax bill. Such transactions are routine and generally do not by themselves signal a change in the insider's view of the company.