Garcia Laura M. 4

What Happened

Laura M. Garcia, Chief Risk Officer of First Business Financial Services, Inc. (FBIZ), had Performance Restricted Stock Units (PRSUs) vest on April 10, 2026. She was issued 2,500 shares (reported as an award/acquisition at $0.00). To satisfy the tax withholding obligation on the vesting, 1,108 shares were transferred (disposed) at an implied value of $58.60 per share, totaling $64,929. The award is a grant/vesting event rather than a purchase; the share disposition was to cover taxes, not an open-market sale.

Key Details

• Transaction date: 2026-04-10
• Award: 2,500 shares issued at $0.00 (vesting of PRSUs for performance period 2023–2025) — footnote F1
• Tax withholding: 1,108 shares disposed at $58.60 each, total value $64,929 (code F)
• Shares owned after transaction: not specified in the filing
• Filing type/notes: the disposal was a tax withholding related to vesting (routine), not a 10b5-1 plan or open-market sale

Context

This filing reflects a standard RSU vesting event with shares withheld to cover tax liabilities — a common administrative transaction that does not necessarily indicate buying or selling for investment purposes. The issuance was for PRSUs covering the 2023–2025 performance period; the withheld shares were used solely to satisfy tax withholding obligations.