Ovokaitys Daniel 4

What Happened Daniel Ovokaitys, Chief Information Officer of First Business Financial Services, was issued 2,430 shares upon vesting of Performance Restricted Stock Units (PRSUs) for the 2023–2025 performance period. Of those, 1,143 shares were disposed/withheld to satisfy tax withholding at $58.60 per share, totaling approximately $66,980. The issuance is reported as an award/vesting (code A); the withholding is reported under tax withholding (code F).

Key Details

• Transaction date(s): April 10, 2026 (reported on Form 4 filed April 14, 2026).
• Award: 2,430 shares acquired at $0.00 (vesting of PRSUs, footnote F1).
• Withholding/disposition: 1,143 shares disposed at $58.60 per share, proceeds ≈ $66,980.
• Shares owned after the transaction: not specified in the filing.
• Footnote F1: Issuance of common stock upon vesting of Performance RSU awards for the 2023–2025 performance period.
• Timeliness: Form 4 was filed April 14 for an April 10 transaction; this appears later than the standard two-business-day filing window.

Context This was not an open-market purchase or sale for investment — it was the vesting of performance-based RSUs, a routine form of employee compensation. The withheld shares were used to satisfy tax obligations (a common practice), not a public sale signaling sentiment. Late filings reduce the usefulness of timeliness for investors but do not change the substance of the reported award/withholding.