Raborn Richard Hodges 4

What Happened

• Raborn Richard Hodges, EVP Vegetation Management at ALAMO GROUP INC (ALG), received 1,615 shares on 2026-02-26 as a conversion of performance units under the company's 2019 Equity Incentive Plan. To satisfy tax/exercise obligations, a total of 650 shares were disposed/withheld: 257 shares on 2026-02-25 at $215.15 for $55,294 and 393 shares on 2026-02-26 at $213.09 for $83,744. Net shares retained from the award = 1,615 − 650 = 965 shares.

Key Details

• Transactions:
  • 2026-02-25: 257 shares disposed (Code F) at $215.15 — $55,294 (withholding/tax payment)
  • 2026-02-26: 1,615 shares acquired (Code A) @ $0.00 — award from performance-unit conversion
  • 2026-02-26: 393 shares disposed (Code F) at $213.09 — $83,744 (withholding/tax payment)
• Total value of shares withheld/sold to cover taxes: $139,038.
• Shares owned after the transaction: not disclosed in the provided Form 4 excerpt.
• Footnote: The shares were issued pursuant to the 2019 Equity Incentive Plan converting performance units into common stock based on performance over a three-year period (Footnote F1).
• Filing/timeliness: Form 4 covering period ending 2026-02-25 was filed 2026-02-27 — appears to be a timely filing. Power of Attorney referenced (Ex. 24).

Context

• This was an award/conversion of performance units (Code A) with shares withheld/disposed (Code F) to cover tax liability — a common administrative step after equity awards. Such withholding is routine and does not by itself indicate the insider’s view of the stock.
• For retail investors: purchases or open-market buys can be stronger signals than routine awards or tax-withholding sales. This filing documents compensation-related issuance and associated tax withholding, not an open-market personal sale.