STRAW EDWARD M 4

What Happened

• Director Edward M. Straw was granted equity awards on 2026-03-31: 2,180 restricted stock units (RSUs) and a stock option award covering 23,529 shares. Both grants are recorded at $0.00 (compensation awards, not purchases or sales). The filing shows 75% of each award vested on March 31, 2026; the remaining 25% vests on June 30, 2026, subject to continued service.

Key Details

• Transaction date: 2026-03-31; Filing date (Form 4): 2026-04-02 — appears to be filed timely.
• RSUs: 2,180 shares granted at $0.00; 75% vested 3/31/2026, 25% vest 6/30/2026 (see F1).
• Stock option (derivative): 23,529-option award recorded as derivative at $0.00; 75% vested 3/31/2026, 25% vest 6/30/2026 (see F2).
• Total reported value in filing: $0 (grant/award reporting — no cash paid).
• Shares owned after the transaction: not specified in this Form 4.
• No indication of a 10b5-1 plan, cashless exercise, tax withholding, or late filing in the report.

Context

• These entries are compensation grants (award/vesting), not open-market purchases or sales. Grants at $0.00 reflect the company awarding equity; they do not represent exercised options sold for cash. Vesting schedule means some equity became earned immediately (75%), with the remainder contingent on continued service through 6/30/2026. Such grants are routine for executive/director compensation and do not by themselves indicate insider buying or selling sentiment.