Perez Ortiz Inigo 4

What Happened
Inigo Perez Ortiz, SVP, Commercial and CTS of GrafTech International Ltd. (EAF), had 10,144 restricted stock units (RSUs) convert into 10,144 shares on March 12, 2026. The filing shows an acquisition via conversion and a simultaneous disposition of 10,144 shares reported at $0.00 (no cash proceeds reported). This was not an open‑market purchase or sale for cash, but a conversion/settlement of previously granted RSUs.

Key Details

• Transaction date: March 12, 2026. Form 4 filed March 16, 2026 (timely).
• Shares converted/acquired: 10,144 RSUs → 10,144 shares.
• Disposed: 10,144 shares at $0.00 (no cash proceeds reported).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert one-for-one into common stock. F2 — These RSUs were part of a March 12, 2024 grant of 30,432 RSUs that vest in three equal annual installments beginning March 12, 2025; they may accrue dividend equivalents if dividends are declared (board suspended the quarterly dividend on Aug 2, 2023).
• Filing timeliness: Report filed within the Form 4 deadline (not marked late).

Context
This was a routine conversion of vested RSUs rather than an open-market buy or sale. The reported $0.00 disposition often reflects administrative settlement (e.g., share withholding or surrendering shares to satisfy taxes or other obligations) rather than a market sale; the filing itself shows no cash proceeds.