Flanagan Timothy K 4

What Happened Timothy K. Flanagan, CEO, President and a director of GrafTech International Ltd. (EAF), had 15,284 restricted stock units (RSUs) convert into common shares on March 12, 2026. To satisfy tax withholding, 4,525 of those shares were withheld at $5.23 per share (worth $23,666), leaving him with approximately 10,759 net shares. The filing records the RSU conversion as a derivative conversion (transaction code M) and the withholding as a tax/payment event (code F).

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely file).
• Vesting/conversion: 15,284 RSUs converted to 15,284 shares (reported as derivative conversion, code M).
• Tax withholding: 4,525 shares withheld at $5.23/share for taxes, proceeds = $23,666 (code F).
• Net shares issued to insider: 15,284 − 4,525 = 10,759 shares (company did a share-withholding to cover tax liability).
• Footnotes: These RSUs were originally granted March 12, 2024 (45,853 RSUs total) and vest in three equal annual installments; dividend equivalents may accrue per the footnote but GrafTech has suspended the quarterly cash dividend.
• Shares owned after transaction: Not specified in the filing.

Context This was a routine vesting and net-share settlement of RSUs, not an open-market sale or purchase. The filing shows the conversion of an award (derivative) and the company withholding shares to cover taxes — a common administrative step that does not, by itself, signal a buy or sell decision by the insider.