Schultz Yvette K 4

What Happened

• Yvette K. Schultz (Senior Vice President — Legal; Chief Compliance Officer; General Counsel & Corporate Secretary) had 6,415 performance-based share units convert into common stock on March 16, 2026. To satisfy tax withholding obligations related to the settlement, 8,382 shares were withheld/disposed at $41.03 per share, totaling $343,913.

Key Details

• Transaction date: March 16, 2026; Form 4 filed March 18, 2026 (timely).
• Conversion/acquisition: 6,415 shares issued from performance share units (reported as derivative exercise/conversion) at $0.00 cash price.
• Withholding/disposition: 8,382 shares withheld/disposed for tax obligations at $41.03 per share = $343,913.
• Holdings note: Report references remaining awards that are still subject to service-based vesting, including 80,814 RSU shares and 43,188 PSUs (per footnote).
• Footnotes: The 6,415-share issuance stems from the 2023 TSR PSUs; the Compensation Committee certified the fourth performance tranche at 101.52% of target (resulting in 25.38% of total target 2023 TSR PSUs being earned). Withholding was done by the company to satisfy tax obligations per the Amended and Restated 2020 LTIP.

Context

• These were settlement/vesting and tax-withholding transactions (not an open-market purchase). Converting PSUs into shares and withholding shares for taxes is a common administrative step when performance awards vest; it does not by itself indicate a bullish or bearish signal about the company.