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FTI CONSULTING, INC·4

Mar 10, 4:56 PM ET

Lu Curtis P 4

Research Summary

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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.