Lee Lori M 4

What Happened

• Lori M. Lee, Global Marketing Officer & Senior EVP, International, had 18,703 restricted stock units (RSUs) convert into common shares on 2026-02-13. To cover tax withholding, 6,921 of those shares were surrendered at $28.80 per share, generating $199,325. The net shares issued to her were 11,782 (18,703 - 6,921). This was a vesting/distribution of awards rather than an open-market purchase or discretionary sale.

Key Details

• Transaction date: 2026-02-13; Form 4 filed 2026-02-18 (filed one business day late).
• RSUs converted: 18,703 shares (derivative exercise/conversion, code M).
• Shares withheld for taxes: 6,921 shares at $28.80 each = $199,325 (code F).
• Net shares received by insider: 11,782.
• Shares owned after the transaction: Not specified in the filing.
• Relevant footnotes: F1 — RSUs granted under the 2018 Incentive Plan (one-third vests/distributes on 2/15/2026, 2/15/2027, 2/15/2028; vesting may accelerate on retirement eligibility). F2 — mandatory tax withholding on RSU distribution. F3 in the filing relates to a 401(k) statement and is not material to this RSU distribution.

Context

• This was a routine equity award vesting and tax-withholding transaction, not an open-market sale or new purchase. Withholding shares to satisfy tax obligations is common practice and does not necessarily indicate a change in the insider’s view of the stock. The Form 4 was filed one business day after the typical two-business-day deadline.