Agrawal Ashish 4

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.