AKERS JOHN K 4

What Happened

• John K. Akers (President & CEO, Director) exercised stock options on May 2, 2026, converting derivative rights into 16,850 shares at an exercise price of $189.74 per share (total cost ≈ $3,197,119).
• To cover tax withholding, 6,235 of those shares were withheld (reported as disposed) at a value of $187.74 per share (≈ $1,170,559). The filing also shows the derivative conversion entry for 16,850 shares at $0.00 reflecting the option-to-share conversion.
• Net new shares received by Akers from this transaction: 16,850 exercised − 6,235 withheld = 10,615 shares.

Key Details

• Transaction date: May 2, 2026. Form filed: May 4, 2026 (timely filing).
• Transaction codes: M = option exercise/conversion; F = shares withheld for tax withholding under the 1998 Long‑Term Incentive Plan (footnote F1).
• Prices/values: exercised at $189.74/share (≈ $3,197,119 total); 6,235 shares withheld valued at $187.74/share (≈ $1,170,559).
• Shares owned after the transaction are not specified in the provided data; net newly acquired shares = 10,615.
• Other footnotes in the filing update retirement-plan holdings and describe restricted stock unit mechanics (F2–F4), but the primary action here is the option exercise and tax withholding.

Context

• This was a cashless-style exercise: options were converted into shares and some shares were withheld to meet tax obligations rather than selling shares on the open market. That differs from an outright sale and does not necessarily signal a change in insider sentiment.