Ovokaitys Daniel 4

What Happened
Daniel Ovokaitys, Chief Information Officer of First Business Financial Services, received an award of 595 shares (transaction code A) on 2026-02-16 at $0.00 per share. To cover the related tax liability, 406 of those shares were surrendered/withheld (transaction code F) at $58.36 per share, a total value of $23,694. Net from this award, 189 shares remained issued to him (595 awarded minus 406 withheld).

Key Details

• Transaction dates: 2026-02-16 (reported on Form 4 filed 2026-02-18).
• Award: 595 shares acquired at $0.00 (code A).
• Tax withholding/disposition: 406 shares disposed at $58.36 each, total $23,694 (code F).
• Net shares retained from this award: 189.
• Total shares owned after the transaction: not specified in the filing.
• Filing appears timely (transaction report period 2/16/2026; Form 4 filed 2/18/2026).
• Notes: Code F indicates shares were withheld/surrendered to satisfy tax withholding — a routine administrative action.

Context
This filing reports an equity award and the routine withholding of shares to cover taxes, not an open-market purchase or sale. Awards are common as compensation; withholding to satisfy taxes is standard and does not necessarily indicate the insider’s view on the company’s stock. Purchases (buys) tend to carry more direct signaling value for investors than awards or tax withholdings.