Sullivan Lori L 4

What Happened
Lori L. Sullivan, VP of Internal Audit at Alamo Group (ALG), received 324 shares on 2026-02-26 as the conversion of performance units under the company's 2019 Equity Incentive Plan (an award/acquisition). To satisfy tax liabilities, she disposed of 55 shares on 2026-02-25 at $215.15 ($11,833) and 96 shares on 2026-02-26 at $213.09 ($20,457), totaling $32,290. The award shares were issued at $0.00 per share because they resulted from conversion of prior performance-based units.

Key Details

• Transactions:
  • 2026-02-25: 55 shares disposed at $215.15 — $11,833 (code F: tax withholding)
  • 2026-02-26: 324 shares acquired at $0.00 — conversion of performance units (code A)
  • 2026-02-26: 96 shares disposed at $213.09 — $20,457 (code F: tax withholding)
• Total shares disposed to cover taxes: 151; total proceeds ≈ $32,290.
• Footnote: The 324 shares were issued under the 2019 Equity Incentive Plan as conversions of performance units based on a three‑year performance period.
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: Report filed 2026-02-27 for transactions on 2026-02-25 and 2026-02-26 — appears timely (no late filing indicated).
• Remarks: Power of Attorney referenced (Ex. 24) per prior Form 3.

Context
The 324-share entry is an award (not a market purchase) — a non-cash issuance from conversion of performance units. The disposals coded "F" are routine tax‑withholding share surrenders (common when awards vest) rather than open‑market sales. These transactions are administrative and do not, by themselves, indicate a change in insider sentiment.