JKHY CEO Gregory Adelson Converts RSUs; Sells Shares to Cover Taxes

What Happened

• Gregory R. Adelson (President & CEO, Director) had restricted stock units (RSUs) convert into common shares and related share withholding to cover tax liabilities on August 4, 2026. The filing reports conversion/issuance activity (derivative conversion) and share disposals to satisfy taxes.
• The filing shows a reported conversion/acquisition of 20,443 shares (derivative conversion at $0.00). Separately, three RSU tranches of 1,455, 3,917 and 4,783 shares were recorded as converted; the company withheld/sold 646, 1,738 and 2,122 of those shares, respectively, at $156.53 per share, generating $101,118; $272,049; and $332,157 — about $705,324 total. These withholding sales are tax-related (code F).

Key Details

• Transaction date: August 4, 2026.
• Conversion (derivative exercise) entries: 20,443 shares acquired (reported at $0.00); separate conversions of 1,455; 3,917; and 4,783 shares also recorded.
• Shares sold/withheld for taxes (code F): 646, 1,738 and 2,122 shares sold at $156.53 per share, totaling $101,118; $272,049; and $332,157 (total ≈ $705,324).
• Footnotes: F1 explains each RSU equals one share or cash at issuer’s option. F2–F5 describe RSU grant and vesting schedules (grants from Aug 4, 2023–2026 with staggered annual vesting).
• Shares owned following the transaction are not stated in the provided filing excerpt.
• No late-filing indication was provided in the data you gave.

Context

• These transactions reflect RSU vesting/conversion and routine tax-withholding (often handled via sell-to-cover or share withholding), not an open-market investment decision. For insiders, vesting-related conversions are common compensation events; the associated share disposals listed here are to satisfy tax obligations rather than directional buying/selling of stock for investment.