McMullen Michael John 4

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.