McMullen Michael John 4

4 · YETI Holdings, Inc. · Filed Feb 24, 2026

AI-generated summary of this filing

Updated Feb 24, 2026

YETI CFO Michael McMullen Receives Award; Shares Withheld for Taxes

What Happened

Michael J. McMullen, Chief Financial Officer of YETI Holdings (YETI), received awards of restricted stock units that vested on Feb 20, 2026, resulting in the issuance of 41,092 shares (two awards of 20,546 shares each). To satisfy tax withholding obligations, the issuer withheld 16,232 shares (two withholding transactions of 8,116 shares each) at an implied price of $47.68 per share, representing cash withheld of $386,971 per withholding transaction (total withheld value $773,942). Net of withholding, McMullen’s position increased by 24,860 shares.

Key Details

Transaction dates: February 20, 2026; Form 4 filed Feb 24, 2026 (filing appears timely).
Awards: Two grants reported as “A” for 20,546 shares each (total 41,092 shares) at $0.00 (RSU settlement).
Withholding: Two “F” (tax withholding) disposals of 8,116 shares each at $47.68, total cash withheld $773,942.
Shares owned after transaction: Not specified in the provided excerpt of the filing.
Footnotes:
- The shares stem from RSUs granted Feb 24, 2023 whose vesting was contingent on multi-year performance; the Compensation Committee certified achievement of the performance criteria (F1).
- The withheld shares were surrendered to satisfy tax withholding obligations upon vesting (F2).
- The filing notes 15,130 shares underlying RSUs included in the reported amounts and that RSUs settle one-for-one in common stock (F3).

Context

This was a performance-based RSU vesting and subsequent tax withholding (not an open-market sale or a stock purchase). Withholding to cover taxes is routine and does not necessarily signal a change in the insider’s view of the company.
The transactions reflect settlement of earned compensation rather than an active market trade; total shares withheld were used to cover tax obligations rather than represent a discretionary sale.

Form 4Exit

Period: 2026-02-20

CFO

Transactions

Award
Common Stock
[F1]
2026-02-20+20,546→ 75,142 total
Award
Common Stock
[F1]
2026-02-20+20,546→ 95,688 total
Tax Payment
Common Stock
[F2]
2026-02-20$47.68/sh−8,116$386,971→ 87,572 total
Tax Payment
Common Stock
[F2][F3]
2026-02-20$47.68/sh−8,116$386,971→ 79,456 total

Footnotes (3)

[F1]Represents shares of common stock underlying an award of restricted stock units previously granted by the Issuer on February 24, 2023, the vesting of which was subject to the Issuer's achievement of previously established performance criteria over a multi-year measurement period. The Compensation Committee of the Issuer's Board of Directors has certified achievement of the performance criteria, and the number of shares of common stock reported herein consists of the shares underlying the award that were earned based upon such achievement.
[F2]Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock units previously granted to the reporting person.
[F3]Includes 15,130 shares underlying restricted stock units. Upon settlement in accordance with the terms of the applicable award agreement, the restricted stock units will be paid on a one-for-one basis in shares of the Issuer's common stock.

Signature

By: /s/ Lauren A. Hurley, as Attorney-in-Fact|2026-02-24

1 file