FIRESTONE JAMES A 4

What Happened

• Director James A. Firestone reported the vesting and conversion of restricted stock units (RSUs). On 2026-04-13, 25,605 RSUs vested and were valued at $7.03 each (closing price), totaling $180,003. Of those, 19,047 shares were converted and reported as disposed at $0 (commonly represents shares withheld to satisfy tax withholding), resulting in a net issuance of 6,558 shares to Firestone.

Key Details

• Transaction date: 2026-04-13; Form 4 filed 2026-04-15 (timely within the usual 2‑business‑day window).
• Reported entries: conversion/exercise of derivative (code M) for 19,047 shares (acquired and disposed at $0) and grant/award (code A) of 25,605 RSUs at $7.03 ($180,003).
• Net shares delivered to insider (after reported withholding): 6,558 shares (25,605 granted − 19,047 withheld).
• Footnotes: RSUs awarded under the Outside Directors' Equity Participation Plan; these RSUs were granted April 14, 2025 and valued at the closing market price on the transaction date. Each RSU is payable in common stock and will convert to a share per the plan terms.
• Shares owned after the transaction: not specified in the Form 4 filing.

Context

• This was a vesting/conversion of RSUs (a grant converting into stock), not an open‑market purchase or sale. The reported zero‑value disposition of 19,047 shares is consistent with standard withholding of shares to cover taxes and does not by itself indicate a voluntary sale. Such equity compensation for directors is common and reflects routine vesting, not necessarily a statement about future company performance.