Moorefield Jeffrey C. 4

What Happened

• Jeffrey C. Moorefield (insider) exercised/converted vested restricted stock units (RSUs) on March 17–18, 2026 and had shares withheld/surrendered to satisfy tax withholding obligations. The filing shows acquisitions of 14,191 ordinary shares from vested/converted RSUs (769, 921, 6,763 and 5,738 shares). To cover taxes/exercise obligations, 5,748 shares were withheld/surrendered in several transactions (312, 373, 2,739 and 2,324 shares) for cash amounts shown totaling approximately $67,936.
• These transactions include grants and performance-based RSU vesting (see footnotes): certain time-based RSUs vest in future tranches while performance-based RSUs granted in 2024 fully vested on March 18, 2026 after achieving EPS and TSR goals. The share withholding for taxes is a routine, non-market-sale mechanism.

Key Details

• Transaction dates: March 17–18, 2026. Filing date: March 19, 2026 (filed within normal reporting window).
• Prices/amounts shown for tax-withholding disposals: 312 shares at $11.80 ($3,682); 373 shares at $11.82 ($4,409); 2,739 shares at $11.82 ($32,375); 2,324 shares at $11.82 ($27,470). Total cash value of withheld shares ≈ $67,936.
• Shares acquired via exercise/conversion (per filing): 769; 921; 6,763; 5,738 — total 14,191 shares (many were RSU grants that vested).
• Shares owned after the transactions: not specified in the reported data.
• Footnotes of note:
  • F1: 1-for-1 conversion subject to nominal $1.00 payment per share.
  • F2/F3: Portions represent time-based RSUs with remaining tranches vesting in future years.
  • F4–F7: Performance-based RSUs (from March 18, 2024) vested 100% on March 18, 2026 after achievement of EPS and TSR goals.
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price/tax liability (shares withheld); A = grant/award.

Context

• These filings reflect RSU vesting and share withholding to satisfy tax liabilities (a routine administrative action), not an open-market sale. Withheld/surrendered shares reduce newly acquired shares delivered to the insider to cover tax obligations.
• Performance RSUs vesting indicates corporate performance targets were met for the referenced periods; this is a compensation/vesting event rather than a directional buy/sell signal.
• Filing appears timely (reported within two days of the transaction dates).