Lu Curtis P 4

4 · FTI CONSULTING, INC · Filed Mar 10, 2026

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Updated Mar 11, 2026

FTI Consulting (FCN) General Counsel Curtis P. Lu Exercises Options, Sells Shares

What Happened

Curtis P. Lu, General Counsel of FTI Consulting (FCN), exercised 8,710 stock options on Mar 9, 2026 at an exercise price of $40.36 per share (cost = $351,536) and simultaneously sold those 8,710 shares in an open-market transaction at $166.60 per share for total proceeds of $1,451,086. The exercise created the common shares which were then sold the same day (cashless/near-immediate disposition).
Separately, on Mar 6 and Mar 8, 2026 a total of 328 shares (171 and 157 shares) were withheld to cover tax liabilities related to restricted stock vesting (withheld value: $28,798 and $26,440, respectively).

Key Details

Transaction dates/prices:
- Mar 9, 2026: Option exercise (code M) — 8,710 shares acquired at $40.36 (exercise cost $351,536).
- Mar 9, 2026: Open market sale (code S) — 8,710 shares sold at $166.60 for $1,451,086.
- Mar 6, 2026: Tax withholding (code F) — 171 shares withheld at $168.41 ($28,798).
- Mar 8, 2026: Tax withholding (code F) — 157 shares withheld at $168.41 ($26,440).
Net cash from the option exercise and sale (before taxes/fees and separate withheld shares): sale proceeds $1,451,086 minus exercise cost $351,536 ≈ $1,099,550.
Shares owned after transaction: not disclosed in the provided Form 4 excerpt.
Footnotes:
- F1/F2: Withheld shares were used to pay tax liability on restricted stock that vested Mar 6 and Mar 8, 2026.
- F3: The options exercised had vested in full on Mar 6, 2020.
Filing: Form 4 filed Mar 10, 2026 reporting transactions from Mar 6–9, 2026; no late-filing indication in the provided excerpt.

Context

This was an exercise of previously vested options followed by an immediate sale of the resulting shares, a common cashless execution that converts option value to cash rather than signaling a long-term buy. The separate withheld shares reflect tax-withholding on restricted stock vesting and are routine.
Facts only — no inference about future company prospects. Purchases are typically more notable than sales; here the net effect was a monetization of vested options by the insider.

Form 4

Period: 2026-03-06

General Counsel

Transactions

Tax Payment
Common Stock
[F1]
2026-03-06$168.41/sh−171$28,798→ 45,112 total
Tax Payment
Common Stock
[F2]
2026-03-08$168.41/sh−157$26,440→ 44,955 total
Exercise/Conversion
Common Stock
2026-03-09$40.36/sh+8,710$351,536→ 53,665 total
Sale
Common Stock
2026-03-09$166.60/sh−8,710$1,451,086→ 44,955 total
Exercise/Conversion
Stock Option (right to buy)
[F3]
2026-03-09−8,710→ 0 total
Exercise: $40.36Exp: 2027-03-06→ Common Stock (8,710 underlying)

Footnotes (3)

[F1]Represents shares of common stock of FTI Consulting, Inc. withheld to pay tax liability on shares of restricted stock awarded pursuant to Rule 16b-3(d), which vested on March 6, 2026.
[F2]Represents shares of common stock of FTI Consulting, Inc. withheld to pay tax liability on shares of restricted stock awarded pursuant to Rule 16b-3(d), which vested on March 8, 2026.
[F3]All options pursuant to these awards vested and became exercisable in full on March 6, 2020.

Signature

By: Michael Rosenthall, Attorney-in-Fact For: Curtis Pey-lin Lu|2026-03-10

1 file