Lauber Charles T 4
4 · SMITH A O CORP · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
A. O. Smith (AOS) CFO Charles Lauber Receives Vested Shares
What Happened
Charles T. Lauber, Executive Vice President & CFO of A. O. Smith Corporation (AOS), had performance stock units and restricted stock units vest on 2026-02-13. The filing shows conversion/exercise of derivative awards (9,460 shares) and the settlement of restricted stock units (2,254 shares). The company withheld 4,447 shares to cover taxes. Net shares received by Lauber from the vesting/settlement were 7,267 shares. The withholding payment reported was $355,249 and the restricted-unit award reported $180,061 (per-share price shown: $79.89).
Key Details
- Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (appears timely).
- Conversions/settlements: 9,460 shares (derivative exercise/conversion) and 2,254 shares (restricted stock units).
- Tax withholding: 4,447 shares withheld (reported value $355,249 at $79.89/share).
- Reported award value: 2,254 shares × $79.89 = $180,061 (as shown in filing).
- Net shares received: 7,267 (9,460 + 2,254 − 4,447).
- Shares owned after the transaction: not specified in the filing.
- Footnotes: PSUs vested at 150% of target for the 2023–2025 period; RSUs granted 02/13/2023 and payable on vesting 02/13/2026; share withholding was for tax obligations.
Context
This was not an open-market purchase or sale but the settlement of incentive awards (performance and restricted stock units). Withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in the insider’s market view. The derivative entries reflect conversion/settlement of award units into common stock rather than an options trade for cash proceeds.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-13+9,460→ 49,312 total - Tax Payment
Common Stock
[F2]2026-02-13$79.89/sh−4,447$355,249→ 44,865 total - Award
Common Stock
[F3]2026-02-13$79.89/sh+2,254$180,061→ 47,119 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-13−9,460→ 0 totalExercise: $0.00→ Common Stock (9,460 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents the right to receive, at settlement, one share of Common Stock. This transaction represents the settlement of restricted stock units in shares of Common Stock on their scheduled vesting date.
- [F2]Shares withheld by A. O. Smith Corporation to satisfy tax withholding requirements on vesting of restricted stock units.
- [F3]Represents vesting of performance stock units at 150% of the target award amount and conversion to shares of A. O. Smith Corporation's Common Stock upon achievement of performance criteria for the 2023 - 2025 performance period.
- [F4]The restricted stock units were granted on 02/13/2023 under the A. O. Smith Combined Incentive Compensation Plan, a transaction exempt under Rule 16b-3. The restricted stock units became payable in Common Stock on the vesting date of 02/13/2026.