Narang Mahesh 4

What Happened

Mahesh Narang, Executive Vice President & President, Access at Oshkosh Corp (OSK), had several related equity transactions reported. On Feb 17, 2026 he exercised/converted derivative securities that resulted in 3,065.053 shares being reported as acquired at a per-share value of $168.47 (totaling ~$516,369). To satisfy tax withholding related to the transaction, 1,529 shares were surrendered/withheld on the same date at $168.47 per share (value ~$257,591). Separately, on Feb 16, 2026 he was granted 5,700 Restricted Stock Units (RSUs) under the company plan (each RSU represents a contingent right to one share).

Key Details

• Transaction dates: RSU grant on 2026-02-16; derivative exercise/conversion and tax withholding on 2026-02-17.
• Exercise/conversion: 3,065.053 shares @ $168.47 = $516,369 (reported as acquisition of underlying shares).
• Tax withholding: 1,529 shares @ $168.47 = $257,591 (reported as disposition to cover taxes).
• RSU grant: 5,700 RSUs (each represents one share upon vesting).
• Vesting notes: filing footnotes indicate RSU awards vest in three equal annual installments (one-third each year) per the plan (see filing footnotes).
• Shares owned after the transactions are not explicitly stated in the filing.
• Filing timeliness: Report covers period 2026-02-16 and was filed 2026-02-18 — not marked late.

Context

These entries show a conversion/exercise of derivative securities with shares withheld to satisfy tax liabilities (a routine tax-withholding disposition), plus a new RSU grant that vests over time. For retail investors, purchases or exercises followed immediately by tax-withholding are generally administrative (not an open-market sale). RSU grants indicate future potential ownership as they vest but do not represent immediately tradable shares until vested and delivered.