Bracey Esi Eggleston 4

What Happened

• Bracey Esi Eggleston, a director of Williams‑Sonoma (WSM), had 1,257 restricted stock units (RSUs) vest and convert on June 11, 2026. The Form 4 reports an exercise/conversion (code M) showing 1,257 shares acquired at $0.00 and 1,257 shares disposed at $0.00 — total cash value $0. This was not an open‑market sale or cash purchase.

Key Details

• Transaction date: 2026-06-11 (reported on 2026-06-12).
• Reported as derivative conversion/exercise (code M): 1,257 shares acquired @ $0.00 and 1,257 shares disposed @ $0.00.
• Total proceeds/cost: $0 (no cash changed hands).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes:
  • F1: Each RSU represents a contingent right to one share.
  • F3: These RSUs fully vested on June 11, 2026.
  • F2: Vested shares will be delivered on June 11, 2036 (end of deferral), subject to earlier delivery upon certain events.
• Filing timeliness: Report filed the day after the transaction (not marked late).

Context

• The dual “acquired” and “disposed” entries at $0 typically reflect vesting/conversion of RSUs and placement into a deferral arrangement rather than an actual sale. In this case, vested RSUs are deferred for delivery until 2036, so there was no immediate change in cash position or open‑market trading.
• This type of insider filing documents compensation-related awards converting to share units and does not, by itself, indicate a buy or sell decision in the market.