Sugay Maria Luisa 4
Research Summary
AI-generated summary
Trustmark (TRMK) Exec Maria Luisa Sugay Receives Award; Shares Withheld
What Happened
- Maria Luisa Sugay, an executive officer of a wholly‑owned subsidiary of Trustmark Corporation (TRMK), had 4,105 performance‑based restricted stock units (RSUs) vest on February 17, 2026. The vesting award was reported as an acquisition (grant/award) with a $0 per‑share acquisition price for the recipient.
- To satisfy tax withholding obligations on the vested award, 1,207 shares were withheld (disposition code F) at $44.82 per share, yielding $54,098 removed to cover taxes. The vesting was certified by the Human Resources Committee.
Key Details
- Transaction date(s): February 17, 2026 (Period of Report: 2026-02-17; Form filed 2026-02-18).
- Awarded: 4,105 shares reported as acquired at $0.00 (vesting of performance RSUs).
- Withheld for taxes: 1,207 shares at $44.82 per share; total withholding value $54,098 (disposition code F).
- Footnotes: F1 — reflects 165% vesting of performance RSUs granted Feb 15, 2023; performance period ended Dec 31, 2025 and vesting certified Feb 17, 2026. F2 — shares withheld to satisfy tax withholding obligations.
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: filing date 2026-02-18 for a 2026-02-17 transaction — appears timely.
Context
- This was a vesting of performance RSUs and a routine tax‑withholding disposition, not an open‑market sale or a purchase. Shares withheld to cover taxes are common in equity compensation and do not necessarily signal a buy or sell intention in the market. The award payout at 165% of target indicates performance above target for the covered period, per the filing footnote.