SCHULTZ LEIGH ANN 4

What Happened

• Director Leigh Ann Schultz had restricted stock units (RSUs) convert into common shares on Feb 18, 2026 — 10,924 RSUs converted. To cover withholding taxes, 3,031 shares were surrendered at an indicated value of $13.01 per share, totaling $39,433. The filing also shows a new RSU award of 9,863 units granted on Feb 19, 2026.
• These transactions are not open-market purchases or sales by price; the conversion of RSUs into shares is an issuance event, and the surrender of 3,031 shares was to satisfy tax obligations (a disposition for tax withholding).

Key Details

• Transaction dates: conversion and withholding on 2026-02-18; new RSU grant on 2026-02-19. Filing date: 2026-02-20 (timely).
• Withholding: 3,031 shares at $13.01/share = $39,433 (coded F for tax/payment).
• Conversion: 10,924 RSUs converted to shares (coded M for exercise/conversion); conversion shows $0.00 per share because RSUs vest rather than purchased.
• Grant: 9,863 RSUs awarded on 2026-02-19 (coded A); these are derivative awards, not immediate free-trading shares.
• Footnote: Each restricted stock unit represents a contingent right to receive one share of common stock.
• Shares owned after transaction: not specified in the excerpt of the filing.

Context

• RSU conversion is common compensation vesting; the withheld shares simply satisfied tax withholding and do not necessarily reflect a discretionary sale. The new 9,863 RSU grant is a compensation award and will vest/convert under its own schedule. This filing reports insider compensation activity rather than an open-market buy or sell.