Carling Guy 4

What Happened

• Guy (CEO, EMEA and OSP) received a grant of restricted stock units (RSUs) and exercised/converted derivative awards in mid‑March 2026. The filing shows grants totaling 50,800 RSUs (granted 2026-03-13) and exercises/conversions totaling 9,090 shares (events on 2026-03-12 and 2026-03-14).
• To satisfy tax withholding/payment obligations related to those exercises/vests, 17,420 shares were withheld/sold (reported as "F" payments) in three transactions: 807 shares @ $76.99 ($62,131), 13,056 shares @ $77.11 ($1,006,748), and 3,557 shares @ $77.05 ($274,067) — total cash proceeds of about $1,342,946.
• Transaction types in the filing: A = award/grant (RSUs), M = exercise/conversion of derivatives (options/other), F = payment of exercise price or tax liability (share withholding/sale).

Key Details

• Dates: primary activity occurred 2026-03-12 through 2026-03-14; Form 4 filed 2026-03-16 (timely).
• Tax-withholding/sales: 17,420 shares sold/withheld at prices ranging ~$76.99–$77.11, raising ≈ $1.34M.
• Grants: 50,800 RSUs were reported as awarded under the company’s omnibus incentive plan; footnotes indicate these RSUs were granted under the 2020 Omnibus Incentive Plan and that some units are fully vested while others vest in installments through 2027–2029.
• Post-transaction holdings: the filing excerpt provided does not state Guy’s total shares held after these transactions.
• Codes: M = exercised/converted derivatives; F = tax/exercise payment via share withholding; A = award/grant.

Context

• This looks like a common insider event: awards/vests and option/derivative exercises followed by share withholding/sales to cover taxes (a cashless-type settlement). Such tax-withholding sales are routine and do not necessarily indicate a personal view on the company’s stock.
• For retail investors, awards and exercises show executive compensation activity; the notable items here are the sizeable RSU awards (50.8k units) and the ~ $1.34M in shares sold to satisfy tax obligations.