Clemens Jeremy Joseph 4

What Happened

• Jeremy (Jeremy Joseph) Clemens, VP of Operations at GrafTech International Ltd. (EAF), had 2,987 restricted stock units (RSUs) convert into 2,987 shares on March 12, 2026. To cover tax withholding, 1,059 of those shares were surrendered at $5.23/share for a tax payment of $5,539, leaving a net issuance of 1,928 shares to him.
• The filing shows conversion/exercise of a derivative (code M) and tax withholding (code F). The derivative conversion is recorded at $0.00 for the disposed line because RSUs convert one-for-one into common shares rather than being purchased for cash.

Key Details

• Transaction date: March 12, 2026. Form 4 filed March 16, 2026 (timely within required business days).
• Shares converted (acquired): 2,987 RSUs → 2,987 common shares.
• Tax withholding (disposed): 1,059 shares at $5.23/share, total $5,539.
• Net shares delivered to insider: 1,928 shares (2,987 − 1,059).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 confirms RSUs convert one-for-one to common stock. F2 notes the RSUs were granted on March 12, 2024 (8,962 total) with dividend-equivalent accruals and vest in three equal annual installments beginning March 12, 2025; GrafTech’s quarterly dividend was suspended Aug 2, 2023.

Context

• This was an RSU vesting with net-share settlement to satisfy tax withholding — a routine, non-market sale administrative action rather than an open-market sale or purchase signal.
• Transaction codes: M = conversion/exercise of derivative (here, RSU conversion); F = payment of exercise price or tax liability (shares withheld).