Agrawal Ashish 4
4 · CTS CORP · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
CTS CORP (CTS) CFO Agrawal Receives Award, Surrenders Shares
What Happened
- Ashish Agrawal, Chief Financial Officer of CTS Corporation, received 4,310 shares (performance-based award) on 2026-02-24 at an implied value of $52.94 per share (total ~ $228,171). On the same date, 2,024 shares were surrendered to satisfy tax withholding obligations at the same per-share value (proceeds ~ $107,151). The award shares were issued based on certified performance results for the 2023–2025 performance period.
Key Details
- Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely filing).
- Award: 4,310 shares @ $52.94 each — total value reported ~$228,171. (Code A = Award/Grant)
- Tax withholding: 2,024 shares surrendered @ $52.94 each — value ~$107,151. (Code F = shares surrendered to satisfy tax withholding)
- Shares owned after transaction: not specified in the provided filing details.
- Notable footnotes: The shares earned and issued were Performance Stock Units (PSUs) granted under the 2018 Equity and Incentive Compensation Plan; achievement of performance goals for 2023–2025 was certified after audited financials were filed with the SEC on Feb 24, 2026.
Context
- This was an issuance of earned performance-based equity, not an open-market buy or a discretionary sale — receiving PSUs reflects compensation tied to company performance.
- The surrender of shares was a routine tax-withholding action upon vesting, not an indication of a separate sale for investment reasons.
Insider Transaction Report
Form 4
CTS CORPCTS
Transactions
- Award
Common Stock
[F1]2026-02-24$52.94/sh+4,310$228,171→ 111,054 total - Tax Payment
Common Stock
[F2]2026-02-24$52.94/sh−2,024$107,151→ 109,030 total
Footnotes (2)
- [F1]Performance Stock Units were granted pursuant to the CTS Corporation 2018 Equity and Incentive Compensation Plan and were subject to the achievement of specified performance criteria for the 2023-2025 performance period. The audited financial statements for the applicable performance period were filed with the Securities and Exchange Commission on February 24, 2026, and the Compensation and Talent Committee certified the level of achievement of the applicable performance goals. The shares reported herein represent the number of shares earned and issued based on such certification.
- [F2]Reflects shares of the Issuer's common stock surrendered by the Reporting Person to satisfy tax withholding obligations upon the vesting of shares granted under a restricted stock agreement.
Signature
/s/ Debra S. Rouse, attorney-in-fact for Ashish Agrawal|2026-02-26