Seiler David R. 4

What Happened

• David R. Seiler, President and COO of First Business Financial Services, received 1,655 shares as an award/acquisition on 2026-02-16 (transaction code A). On the same date, 665 shares were surrendered/disposed to cover an exercise price or tax liability (transaction code F) at $58.36 per share, totaling $38,809. Net result from these entries: +990 shares (1,655 awarded minus 665 withheld/surrendered).

Key Details

• Transaction date: 2026-02-16; Filing date: 2026-02-18 (appears timely).
• Awarded: 1,655 shares (code A, $0.00 per share reported for award).
• Disposed/withheld: 665 shares at $58.36 each, proceeds $38,809 (code F — payment of exercise price or tax liability).
• Shares reported in footnote: 27,031 shares held by the David & Lisa Seiler Revocable Trust. The filing does not state a consolidated total of Seiler’s shares after these transactions.
• Interpretation: Code F typically indicates shares were withheld to satisfy taxes or exercise payment (a routine administrative action), not an open-market sale.

Context

• This appears to be an award/vesting event with shares surrendered to cover taxes or exercise costs (a common cashless-type settlement). Such withholdings are routine and do not necessarily signal insider buying or directional selling intent.