O'SULLIVAN KIERAN M 4

What Happened

• Kieran M. O'Sullivan, President & CEO and Director of CTS Corporation, received 16,873 shares as the issuance of performance stock units (PSUs) valued at $52.94/share — total value ~$893,257. Simultaneously, 7,526 shares were surrendered to satisfy tax withholding obligations at the same $52.94/share — value ~$398,426. Net shares issued to O'Sullivan = 9,347 (net value ≈ $494,831).
• This was an award/vesting event (performance-based PSU payout), not an open-market purchase or sale.

Key Details

• Transaction date(s): February 24, 2026. Filing date: February 26, 2026 (appears timely).
• Price per share reported: $52.94 for both issuance and share surrender.
• Shares issued (award): 16,873; shares surrendered for taxes: 7,526; net shares retained: 9,347.
• Footnotes:
  • F1: PSUs were granted under the CTS 2018 Equity and Incentive Compensation Plan and were earned based on achievement of performance goals for the 2023–2025 period; the Compensation and Talent Committee certified results after audited financials were filed on Feb 24, 2026.
  • F2: The 7,526 shares reflect shares surrendered to satisfy tax withholding upon vesting of restricted/performance shares.
• Shares owned after the reported transactions: not specified in the provided filing excerpt.

Context

• These were performance-vested equity awards converted to common shares per the plan certification — a routine form of executive compensation rather than an active market bet. The surrender of shares to cover taxes is a common administrative action and does not indicate a sale to realize cash proceeds.