TRUSTMARK CORP·4

Feb 18, 3:32 PM ET

Sugay Maria Luisa 4

Research Summary

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Updated

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.