Iyengar Jayanthi 4

What happened

• Jayanthi Iyengar, EVP and Chief Technology Officer of Oshkosh Corp (OSK), exercised/converted derivative awards and was also granted restricted stock units (RSUs). The filing shows an exercise/conversion of 1,123.313 shares at $168.47 per share (total value reported $189,245) on 2026-02-17. To cover tax or exercise obligations, 517 shares were surrendered/withheld (reported as disposed) at the same per-share value (approx. $87,099). Separately, a grant of 3,800 RSUs was reported on 2026-02-16 (no cash value at grant).

Key details

• Transaction dates and prices:
  • 2026-02-17: Exercise/conversion (code M) — 1,123.313 shares acquired @ $168.47 = $189,245.
  • 2026-02-17: Tax/exercise payment (code F) — 517 shares surrendered @ $168.47 = $87,099.
  • 2026-02-16: RSU grant (code A) — 3,800 RSUs @ $0.00 (derivative award).
  • Filing also lists a 2026-02-17 derivative disposition of 1,123.313 shares @ $0.00 (reflecting conversion/settlement).
• Shares owned after the transaction: Not specified in the provided Form 4 excerpt.
• Notable footnotes from the filing:
  • F1: Each RSU represents a contingent right to one share.
  • F3–F5: RSU awards granted under the company plan; vesting noted to occur in one‑third annual increments (vesting commencement dates in the filing include 2/17/2026 and 2/16/2027).
  • F2 notes beneficial ownership totals may include dividend reinvestments/exempt transactions.
• Timeliness: Form was filed 2026-02-18 for transactions on 2026-02-16/17 — the filing appears timely based on Section 16 reporting windows (no late filing indicated in the provided data).

Context

• The transaction is a mix of an exercise/conversion and an award grant. The surrender of 517 shares (code F) is a tax- or exercise-payment action — a common practice where shares are withheld to satisfy tax obligations rather than a separate open-market sale.
• RSU grants are contingent awards (not immediate cash) and vest over time per the vesting schedule in the footnotes; they do not by themselves indicate buying or selling sentiment.