COCHRAN SANDRA B 4

What Happened

• Director Sandra B. Cochran received a grant of 2,018 restricted stock units (RSUs) on June 26, 2026. The grant is recorded at $0.00 per share (awarded compensation), so no cash was paid by the insider.

Key Details

• Transaction date: 2026-06-26. Transaction code: A (award/grant).
• Amount: 2,018 RSUs; reported price: $0.00; reported total value: $0.
• Vesting: These RSUs vest 100% on the first anniversary of the grant (June 26, 2027) and will settle into an equivalent number of common shares upon vesting (Footnote F1).
• Holdings note: Footnote F2 states the filing "includes 4,063.01 restricted stock units" that are subject to vesting and forfeiture provisions (these appear to be outstanding RSUs tied to Cochran).
• Filing timeliness: Form 4 filed on 2026-06-30 for a 2026-06-26 grant — filed within the required reporting window (timely).

Context

• This was a compensation award (RSUs), not an open-market purchase or sale. RSUs convey potential future ownership only after vesting and settlement; they do not represent immediately tradable shares. Such grants are common for director and executive pay and do not by themselves signal a buy/sell decision by the insider.