Creed Joseph E 4

What Happened
Joseph E. Creed (CEO) received 9,055 shares on Feb 10, 2026 as the vesting of a performance-based restricted stock award (recorded as an "A" award at $0.00). To cover tax obligations from that vesting, 3,366 shares were surrendered/withheld (transaction coded "F") at a per-share value of $744.83, netting $2,507,098 in tax withholding proceeds.

Key Details

• Transaction date: February 10, 2026; Form 4 filed February 12, 2026.
• Award: 9,055 shares acquired at $0.00 (vesting of previously granted restricted stock units).
• Withholding: 3,366 shares disposed at $744.83 each = $2,507,098 (to satisfy tax withholding).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 — shares withheld to satisfy taxes from vesting of performance-based RSUs granted March 6, 2023; F2 — includes dividend accrual adjustments; F3 — some info based on a 401(k) statement dated Jan 31, 2026.
• Timeliness: Filing was submitted Feb 12 covering Feb 10 transactions (not indicated as late).

Context
This was a vesting event (award) with routine share withholding to meet tax obligations — common practice and not an open-market sale signaling a trading decision. The withheld shares represent a cashless surrender (tax withholding), not an investment sale; the award itself increases the CEO’s equity stake unless otherwise offset by other dispositions.