FARMER CURTIS C 4

What Happened

• Curtis C. Farmer, a director of Texas Instruments Inc. (TXN), was granted 146.05 stock units (derivative award) on 2026-03-20. The award is reported at $188.29 per share for a total grant value of $27,500. This was an award/compensation grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-20. Form 4 filed: 2026-03-23 (timely filing).
• Grant amount: 146.05 stock units at $188.29 per unit; total reported value $27,500.
• Transaction type: Award/Grant (derivative stock units), not a purchase or sale.
• Shares owned after transaction: Not specified in the Form 4; filing notes end-of-period holdings include these stock units.
• Footnotes: F1 — the security converts to common stock on a one-for-one basis. F2 — units credited under the Texas Instruments 2018 Director Compensation Plan will be settled in common stock following the reporting person's termination of director service; end-of-period holdings include units from dividend reinvestment provisions.
• Insider status: Director (not a 10% owner).

Context

• This is a routine director compensation grant (stock units) rather than a market transaction; such awards are common for board service and do not necessarily signal the director’s near-term trading intentions.
• The award is a derivative stock-unit grant that converts one-for-one to common shares and is scheduled for settlement after the director leaves the board, per the plan terms.