Kulkarni Parag 4

4 · SMITH A O CORP · Filed Feb 17, 2026

AI-generated summary of this filing

Updated Feb 17, 2026

A. O. Smith (AOS) SVP Parag Kulkarni Receives Cash RSU Settlement

What Happened

Parag Kulkarni, SVP – International and President, India for A. O. Smith (AOS), had 1,115 restricted stock units (RSUs) settle on 02/13/2026. The Form 4 records this as an exercise/conversion of a derivative (code M). The filing shows $0 proceeds because the cash payment for these vested RSUs was deferred by Mr. Kulkarni.

Key Details

Transaction date: 2026-02-13 (filed on 2026-02-17).
Transaction type/code: Exercise/conversion of derivative (M) — settlement of RSUs.
Shares/units involved: 1,115 RSUs settled; reported price $0.00 and $0 proceeds due to deferral.
Holdings after transaction: 3,360 RSUs unvested; 4,245 RSUs vested and deferred (per footnotes).
Grant/vesting info: These RSUs were granted 02/13/2023 under the A. O. Smith Combined Incentive Compensation Plan and became payable in cash on 02/13/2026; payment was deferred by the insider.
Filing timeliness: Form filed 02/17/2026; no late filing flag indicated.

Context

This was a routine compensation settlement of RSUs (an award conversion), not an open-market buy or sell. Because the cash payment was deferred, no proceeds were received at settlement — this is an administrative/compensation event rather than a market trade. Such vesting and deferral actions are commonly exempt under Rule 16b-3 and do not, by themselves, indicate insider buying or selling sentiment.

Form 4

Period: 2026-02-13

SVP - Int'l; President India

Transactions

Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]
2026-02-13−1,115→ 7,605 total
Exercise: $0.00→ Common Stock (1,115 underlying)

Footnotes (3)

[F1]Each restricted stock unit is the economic equivalent of one share of A. O. Smith Corporation Common Stock. This transaction represents the settlement of restricted stock units in cash on their scheduled vesting date.
[F2]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 cash on the vesting date of 02/13/2026. Mr. Kulkarni has deferred the receipt of these cash-based restricted stock units.
[F3]Mr. Kulkarni owns 3,360 restricted stock units that have not yet vested. He also owns 4,245 restricted stock units that have vested and have been deferred.

Signature

James F. Stern, Attorney-in-Factor for Parag Kulkarni|2026-02-17

1 file