Lindblad Expeditions (LIND) Chief Expedition Officer Trey Byus Receives Award

What Happened
Trey Byus, Chief Expedition Officer (and founder & CEO of Natural Habitat Adventures), had 13,767 shares issued to him on March 31, 2026 as the vesting/settlement of a performance share award. To satisfy related tax withholding, 5,202 of those shares were surrendered/disposed at an implied price of $17.30 per share, totaling about $89,995. The award shares were acquired at $0 cost (reported as an award/grant).

Key Details

• Transaction date: 2026-03-31 (reported on Form 4 filed 2026-04-09). The filing appears late (Form 4s are normally due within 2 business days).
• Award: 13,767 shares (code A) acquired at $0.00 — described as earned from a performance share unit awarded March 31, 2023 (footnote F1).
• Tax withholding: 5,202 shares (code F) disposed at $17.30 each for a value of $89,995 to cover tax liability. Code F indicates payment of tax liability/withholding.
• Shares owned after the transactions: not specified in this filing.

Context
This was a vesting/settlement of performance-based equity, not an open-market purchase or a discretionary sale. The surrender of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.