Perez Ortiz Inigo 4

What Happened
Perez Ortiz Inigo, SVP, Commercial and CTS at GrafTech International Ltd. (EAF), had restricted stock units (RSUs) convert into common shares on February 25, 2026. The filing reports conversions of 1,395; 1,720; and 11,576 RSUs (reported disposals total 14,692.068 shares on a post-split basis). No cash was paid or received—each conversion is reported at $0.00, reflecting a routine RSU vesting/settlement rather than an open-market sale or purchase.

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (timely filing).
• Reported conversions: 1,395; 1,720; and 11,576 RSUs (disposals reported as 1,395.133; 1,720.935; and 11,576 — total ~14,692.068 shares, post-1-for-10 reverse split).
• Price/proceeds: $0.00 — these were RSU conversions/settlement (no cash exchanged).
• Shares owned after the transaction: not specified in the provided summary — see the full Form 4 for post-transaction holdings.
• Footnotes of note:
  • F1: RSUs convert one-for-one into common stock.
  • F2: All amounts are post-1-for-10 reverse split (effective Aug 29, 2025).
  • F3–F5: These conversions correspond to RSU grants from Feb 25, 2022; Feb 25, 2023; and Feb 25, 2025 with staggered vesting schedules (annual/installment vesting).

Context

• This is a vest/settlement of equity awards (RSUs) rather than a purchase or sale in the open market; filings showing $0.00 for derivative conversions are common for vested RSU settlements.
• These conversions likely represent scheduled vesting installments from prior RSU grants (per the footnotes), including the first installment of the 2025 grant and annual installments from the 2022 and 2023 grants.
• Such routine RSU settlements are generally not an immediate directional signal about insider sentiment; purchases are typically more informative about bullish conviction.