FENNELL GEORGE 4

What Happened

• George Fennell, Executive Vice President of IDEXX Laboratories (IDXX), converted vested derivative awards into shares on Feb 14, 2026 and had 199 shares withheld to cover tax liabilities (withholding value reported as $125,241 at $629.35/share). The conversion entries show acquisitions of 55, 56, 139 and 204 shares (total 454 shares), with 199 of those shares surrendered for taxes, resulting in a net issuance to him of roughly 255 shares.
• On Feb 12, 2026 Fennell was granted additional derivative awards totaling 4,356 units (3,384; 162; and 810) that are reported as awards/grants (derivative securities) and vest according to staggered schedules in the footnotes.

Key Details

• Transaction dates: Grants on 2026-02-12; conversions/withholding on 2026-02-14; Form 4 filed 2026-02-17.
• Withholding price/value: $629.35 per share (closing price on Nasdaq on Feb 13, 2026 per footnote), 199 shares withheld = $125,241.
• Grants: 3,384; 162; and 810 derivative units awarded on Feb 12, 2026 (total 4,356). Footnotes indicate some awards are stock options (vesting in installments beginning 2/14/2027 and one installment on 2/14/2030) and others are restricted stock units (RSUs) with various annual vesting start dates (2023–2026).
• Shares owned after transaction: not specified in the provided filing details.
• Transaction codes: A = Award/Grant, M = Exercise/conversion of derivative, F = Payment of exercise price or tax liability (share withholding). The 199-share disposal was tax withholding, not an open-market sale.
• Filing timeliness: Form 4 filed Feb 17, 2026 covering events on Feb 12–14; no late-filing indication in the supplied data.

Context

• This activity appears to be a routine conversion/settlement of vested equity and tax-withholding rather than an open-market sale—withholding shares to satisfy tax obligations is common after vesting or option exercises.
• The Feb 12 grants are future-looking awards that vest over multiple years per the footnotes; they do not represent an immediate open-market purchase or sale.
• For retail investors, purchases are often more informative than routine vesting/withholding. These entries mainly reflect compensation and tax settlement, not an expressed market view by the insider.