Shaffer Charles M 4

What Happened

• Charles M. Shaffer (Chairman, President & CEO; Director) was granted 21,843 shares on February 10, 2026. The transaction is reported as an award/grant (code A) at $0.00 per share (no cash purchase).
• These shares represent performance-based restricted stock units (PSUs) originally granted April 1, 2023; the Compensation and Governance Committee certified on Feb 10, 2026 that the performance criteria were met for the period ending Dec 31, 2025. The shares will vest on Dec 31, 2026 provided Mr. Shaffer remains in continuous service.

Key Details

• Transaction date: 2026-02-10; Filing date: 2026-02-11 (Form 4 accession 0000730708-26-000049).
• Shares granted: 21,843; reported acquisition price: $0.00 (award).
• Vesting: Will vest Dec 31, 2026 contingent on continued employment; originally granted under the Amended and Restated 2013 Incentive Plan.
• Footnote: F1 describes the PSU certification and vesting condition. Other footnotes on the filing describe separate time-based awards and plan holdings (F2–F8).
• Shares owned after transaction: Not specified in the information provided.
• Timeliness: Filing appears timely (reported the day after the transaction).

Context

• This was a compensation award (PSUs) rather than an open-market purchase or sale; awards reflect approved compensation and the attainment of pre-set performance goals, but final ownership remains subject to future vesting and continued employment.
• For retail investors, such grants indicate the company met whatever internal performance metrics applied, but they are not the same signal as an executive purchasing stock with personal funds.