Linares Carlos G. 4/A

What Happened

• Carlos G. Linares, EVP, Chief Technology & Global New Products, was credited with 1,700 shares as the payout of performance stock units (PSUs) on a performance cycle that ended Dec 31, 2025. The Form 4 reports the acquisition as an award at $0.00 (standard for PSU awards) and is being filed as an amended report. The PSUs were certified by the Compensation and Human Capital Committee on Jan 27, 2026 and will vest on Mar 1, 2026, with settlement in shares thereafter, subject to continued service.

Key Details

• Transaction date: 2026-01-27 (certified by committee on this date)
• Reported acquisition: 1,700 shares @ $0.00 (award)
• Payout multiplier: PSUs paid at 200% of target (footnote F2)
• Vesting/settlement: Vesting on Mar 1, 2026; shares delivered after vesting, subject to continued employment (F1)
• Filing: Amended Form 4 filed 2026-03-03 to reflect the 200% payout
• Holdings after transaction: Filing notes holdings were adjusted to reflect shares added to the reporting person’s Savings and Profit Sharing account (F3). Exact post-transaction total not provided here.

Context

• These shares are a compensation award (PSUs) based on company performance, not an open-market purchase or sale. Form 4 reports the grant/acquisition at $0 because the award converts to stock on vesting; the economic value will equal the market price when shares are delivered. Awards like this reflect compensation outcomes rather than an insider buying or selling stock.