Kavalauskas Ryan 4

What Happened Ryan Kavalauskas, Chief Financial Officer of ASCENT INDUSTRIES CO. (ACNT), received 2,508 performance shares on 2026-01-22 valued at $16.45 each (total $41,244). The next day (2026-01-23) he disposed of 895 shares at $16.07 each (proceeds $14,383) in a sell-to-cover transaction to satisfy tax withholding tied to the vesting of those performance shares. The primary event was an award (acquisition); the subsequent sale was routine tax withholding.

Key Details

• Award date: 2026-01-22 — 2,508 performance shares @ $16.45 (value $41,244). (Code A)
• Sell-to-cover date: 2026-01-23 — 895 shares disposed @ $16.07 (proceeds $14,383). (Code F)
• Footnotes: F1 — PSUs acquired pursuant to award where 30-day VWAP = $16.00; F2 — 895 shares sold to cover tax withholding on vesting.
• Shares owned after transactions: Not disclosed in the provided filing excerpt.
• Filing: Report filed 2026-01-26 covering transactions on 2026-01-22/23 — appears timely.

Context Performance share awards are compensation that vest when targets are met; the grant itself is not an open-market purchase and doesn’t necessarily signal a personal cash commitment by the insider. A sell-to-cover is a common, administrative step to satisfy tax withholding obligations when restricted or performance shares vest. Transaction codes: A = award/grant, F = tax withholding (sell-to-cover).