Painter Corning F. 4

What Happened Painter Corning, CEO of Orion S.A. (OEC), had 83,515 performance-based restricted stock units (RSUs vest and settle) on Feb 19, 2026 (grant/acquisition, code A). To satisfy tax withholding, the issuer withheld/disposed a total of 55,696 shares in two withholdings (23,789 and 31,907 shares) at $6.27 per share, generating proceeds shown as $149,157 and $200,057 (total ~$349,214). The RSUs were awarded at $0.00 cost; after withholding the CEO received a net ~27,819 shares (approximate net value ~$174,425 at $6.27).

Key Details

• Transaction date: Feb 19, 2026. Report filed Feb 23, 2026 (filed within the 2 business‑day Form 4 window for a Feb 19 transaction).
• Vesting/award: 83,515 performance-based RSUs settled into shares (code A, $0.00 acquisition price).
• Tax withholding/disposals: 23,789 shares withheld ($149,157) and 31,907 shares withheld ($200,057) at $6.27 per share (codes F).
• Net shares delivered to insider: ~27,819 shares remaining after withholding (83,515 − 55,696).
• Shares owned after transaction: not reported in the supplied excerpt.
• Footnotes: F1/F3 = shares withheld by issuer for tax withholding on RSU vesting; F2 = vesting/settlement of performance-based RSUs after performance criteria were met.
• Transaction type: award/settlement with tax withholding (not an open‑market sale or purchase).

Context This was a settlement of performance-based RSUs, not a market buy or discretionary sale. The withheld shares reflect normal tax withholding (a common cashless method) rather than an independent decision to sell shares into the market. Purchases/market sales tend to be more informative about insider sentiment than routine vesting and withholding.