Hartlieb James Edward 4

What Happened
James Edward Hartlieb, President & CEO of First Business Bank, had 2,730 performance-based restricted stock units (PRSUs) vest on April 10, 2026 (reported on a Form 4 filed Apr 14, 2026). Of the vested shares, 1,039 were withheld to cover tax obligations at a share price of $58.60 (value reported $60,885) and 127 shares were transferred as a gift. The filing shows the award as an acquisition (A) and the withholding as a tax withholding (F).

Key Details

• Transaction date(s): April 10, 2026 (filed April 14, 2026). The filing appears to be after the usual 2-business-day window for Form 4s.
• Award: 2,730 shares (code A) reported with $0 acquisition price on the Form 4 (footnote F1: issuance upon vesting of PRSU awards for performance period 2023–2025).
• Tax withholding: 1,039 shares withheld (code F) at $58.60 per share, total $60,885.
• Gift: 127 shares transferred (code G); price not applicable (footnote F2).
• Net effect of the transactions: +1,564 shares retained from the vesting (2,730 vested − 1,039 withheld − 127 gifted = 1,564).
• Shares owned after transaction: not reported on this filing.

Context
This was a compensation-related vesting event (PRSUs), not an open-market purchase or sale. Tax withholding of vested shares is a common administrative step and gifts do not necessarily indicate the insider's view of the stock. The filing date (Apr 14) is later than the Apr 10 transaction date and appears to exceed the standard Form 4 reporting window; late filings are a disclosure/timeliness issue rather than evidence of trading intent.