|4Feb 18, 4:25 PM ET

Cortina Ignacio A 4

Research Summary

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Updated

Oshkosh (OSK) EVP Ignacio Cortina Exercises Options, Receives RSU Award

What Happened

  • Ignacio A. Cortina, EVP, Chief Legal & Administrative Officer and Secretary of Oshkosh Corporation, exercised derivative awards on 2026-02-17, converting 2,593.039 shares at $168.47 per share for a gross value of $436,849. To satisfy tax withholding, 1,246 shares were surrendered (disposed) at the same $168.47 price, valued at $209,914. On 2026-02-16 he was also granted 4,823 Restricted Stock Units (RSUs) (contingent rights to receive common shares).

Key Details

  • Primary transactions:
    • 2026-02-17: Exercise/conversion (code M) — 2,593.039 shares acquired @ $168.47 each; total ~$436,849.
    • 2026-02-17: Tax withholding/payment (code F) — 1,246 shares disposed @ $168.47 each; total ~$209,914.
    • 2026-02-16: RSU grant (code A) — 4,823 RSUs granted (no cash paid).
  • Net newly acquired shares after withholding: ~1,347 shares (2,593.039 − 1,246).
  • Footnotes:
    • Each RSU represents a contingent right to one share (F1).
    • The RSU awards were granted under the company stock plan (F3) and vest in one‑third annual increments (footnotes F4 and F5; vesting commencement dates noted as 2/16/2027 and 2/17/2026, respectively).
    • Beneficial ownership totals reported may include dividend reinvestments (F2).
  • Filing timeliness: Reported period 2026-02-16 and filed 2026-02-18 — appears to be filed within the typical SEC reporting window (not marked late).

Context

  • This filing shows an exercise of derivative awards (options or similar) with a portion of shares surrendered to meet tax obligations — a common “sell‑to‑cover” or withholding action rather than a discretionary open‑market sale. The RSU grant is compensation that vests over time and does not represent immediate tradable shares until vesting conditions are met. As always, these transactions are factual disclosures and do not by themselves indicate the insider’s market view.