Genovesi John A 4

What Happened

• John A. Genovesi, Executive Vice President & President, Software and Advisory, received stock awards and converted/exercised derivatives on April 1, 2026. He was granted 7,107 shares at $84.57 per share (total value ≈ $601,039). In addition, 2,956 restricted stock units were recorded (derivative, no immediate cash value) and 1,352 derivative shares were converted/exercised. To cover tax withholding and/or exercise costs, a total of 3,330 shares were surrendered: 533 shares (sold/withheld, $45,076) and 2,797 shares (sold/withheld, $236,542). One derivative disposition of 1,352 shares shows $0 value (derivative conversion activity).

Key Details

• Transaction date: April 1, 2026 (Form 4 filed April 3, 2026 — timely)
• Grant: 7,107 shares @ $84.57 each (≈ $601,039)
• Withheld/surrendered for taxes/exercise: 533 shares ($45,076) and 2,797 shares ($236,542)
• Derivative activity: 1,352 shares converted/exercised (derivative entries)
• Additional acquisition: 2,956 restricted stock units recorded (no immediate cash amount)
• Shares owned after transaction: not specified in this filing
• Notable footnotes:
  • F1/F5: Restricted stock units (RSUs) represent contingent rights to one share and include accrued dividend equivalents.
  • F3: Some Class A shares were issued upon settlement of pre-IPO performance cash awards.
  • F4/F6: RSUs vest in three equal annual installments starting April 1, 2025 (or 2026 for certain RSUs).
  • F2: Past ESPP purchases (952 and 34 shares) are noted in holdings.

Context

• The disposals coded "F" indicate shares were withheld or surrendered to satisfy tax withholding or exercise-price obligations (common in award settlements — not an open-market sale for investment). Derivative/code "M" entries reflect conversion/exercise activity. These filings are informational and do not state insider motivation.