Nettles Michelle 4

What Happened

• Michelle Nettles, Chief People & Legal Officer of ManpowerGroup, had 6,354 restricted stock units (RSUs) vest on February 17, 2026. The RSUs converted to 6,354 shares (conversion/exercise code M), and the company withheld 2,423 shares to satisfy tax withholding obligations (code F), leaving 3,931 net shares issued to her.
• The withholding used a $28.66 per-share price (closing price on NYSE on Feb 13, 2026), resulting in roughly $69,443 withheld. The total pre-withholding value of the vested RSUs was about $182,106 and the net shares received are worth about $112,662 at that price.

Key Details

• Transaction date: February 17, 2026 (settlement of vested RSUs). Filing date: February 19, 2026 (timely filing).
• Action codes reported: A (award/acquisition upon vesting), M (exercise/conversion of derivative—RSUs to shares), F (shares withheld to pay taxes).
• Shares: 6,354 vested/converted → 2,423 withheld for taxes → 3,931 shares delivered to insider.
• Price used for valuation/withholding: $28.66 (NYSE close on Feb 13, 2026) — footnote in filing.
• Shares owned after the transaction: not disclosed in the provided excerpt of the filing.

Context

• This was a routine vesting/settlement of RSUs, not an open-market purchase or sale by the insider. The issuer withheld shares to cover tax liabilities (a common "cashless" withholding), so the transaction does not by itself indicate a buy or sell signal.
• Derivative/option note: RSUs convert to ordinary shares on vesting and typically have no exercise price (hence reported at $0 for the conversion).