Leonard Shanon J 4

What Happened

• Leonard Shanon, Senior Vice President at Texas Instruments (TXN), had 2,145 shares withheld on 2026-05-05 to satisfy tax withholding obligations tied to an equity event. The shares were valued at $280.89 each, totaling $602,509. The Form 4 reports this as a disposition with transaction code F (payment of exercise price or tax liability).

Key Details

• Transaction date: 2026-05-05; Form 4 filed: 2026-05-06 (appears timely).
• Price per share: $280.89; shares withheld/disposed: 2,145; total value: $602,509.
• Transaction code: F — indicates shares were used to cover taxes (withholding), not an open-market sale.
• Shares owned after the transaction: not provided in the supplied data.
• No 10b5-1 or other plan references noted in the provided details.

Context

• This is a routine tax-withholding disposition commonly seen after option exercises or RSU vesting (a form of "cashless" settlement). Because shares were withheld to satisfy taxes rather than sold on the open market, this action is generally considered administrative and not a directional signal about the insider’s view of the company.