Schultz Yvette K 4

What Happened
Yvette K. Schultz, Senior Vice President – Legal, Chief Compliance Officer, General Counsel and Corporate Secretary (also listed as a director), had 124,054 performance share units (PSUs) settle into common stock on February 24, 2026 (reported as an award/grant). To satisfy tax withholding obligations, 54,785 of the shares were withheld/disposed at $22.12 per share, representing proceeds of $1,211,844. The PSUs were originally granted April 15, 2023 and vested based on the issuer’s return on invested capital over a three‑year period.

Key Details

• Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (timely).
• Award (Code A): 124,054 shares acquired at $0.00 (PSU settlement).
• Tax withholding (Code F): 54,785 shares disposed/withheld at $22.12 → $1,211,844.
• Footnote highlights:
  • F1: PSUs converted to shares after Compensation Committee certified performance.
  • F2: Filing notes 279,535 shares subject to previously granted restricted stock units that remain unvested.
  • F3: Shares withheld were determined using the closing price on Feb 24, 2026 to cover tax obligations.
• Shares owned after the transaction are not specified in the provided excerpt.

Context
This was a compensation settlement (PSUs vesting) with a share-withholding to cover taxes — effectively a cashless settlement, not an open-market purchase or a discretionary sale for investment purposes. Such transactions reflect compensation being paid in stock and routine tax withholding, not necessarily a signal about the insider’s view of the company’s shares.