Krug Marc S. 4

What Happened

• Marc S. Krug, Group President, Delivery, was granted 21,024 restricted shares on March 31, 2026 (report filed 2026-04-02). The award shows an acquisition (A) of 21,024 shares at $0.00 (no cash paid).
• On the same date, 2,462 shares were disposed via tax withholding (transaction code F) to satisfy tax obligations: 1,123 shares withheld at $9.40 ($10,556) and 1,339 shares withheld at $9.40 ($12,587), totaling $23,143. These were withholding transactions, not open-market sales.

Key Details

• Transaction dates: March 31, 2026 (filed April 2, 2026). Per the filing date, this appears timely.
• Grant: 21,024 restricted shares granted at $0.00.
• Withheld: 1,123 shares @ $9.40 ($10,556) and 1,339 shares @ $9.40 ($12,587); total 2,462 shares withheld ($23,143).
• Shares owned after transaction: Not specified in the provided report.
• Footnotes: F1 — the 21,024 restricted shares vest in three substantially equal installments on 3/31/2027, 3/31/2028 and 3/31/2029. F2 — the withheld shares satisfied tax withholding obligations for restricted stock that vested on 3/31/2026.

Context

• The 21,024-share item is an award of restricted stock/RSUs that vests over future years (2027–2029) — an acquisition rather than a market purchase.
• The 2,462-share disposals were routine tax-withholding related to vested awards and should not be read as a discretionary sale signaling sentiment.
• No evidence in this filing of option exercises, 10b5-1 plans, or late filing penalties.