Browers Blaine 4

What Happened

• Blaine Browers, Cadre Holdings' Chief Financial Officer, had 3,282 restricted stock units (RSUs) vest on March 18, 2026. The RSUs converted into common shares (reported as a derivative conversion, code M). To satisfy tax withholding, the issuer withheld 1,292 shares at $32.22/share (code F), valued at $41,628. Net new shares issued to Mr. Browers from this vesting were approximately 1,990.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (filed within the usual 2-business-day window).
• Vesting/conversion reported as code M (exercise/conversion of derivative): 3,282 shares.
• Tax withholding reported as code F: 1,292 shares withheld at $32.22 per share, total $41,628.
• Filing also shows a related M-coded disposition of 3,282 shares at $0.00, which reflects conversion/cancellation of the RSU derivative upon vesting (routine reporting treatment).
• Net increase from this vesting: ~1,990 shares issued to the insider. The filing excerpt provided does not state total shares owned by Mr. Browers after the transaction.
• Footnotes: The shares come from a 2024 RSU award covering 9,846 shares with staggered vesting (3,282 vested in 2025, 3,282 in 2026, and 3,282 scheduled for 2027). Footnote confirms the withheld shares satisfied tax obligations.

Context

• This was a routine RSU vesting and tax-withholding event, not an open-market buy or sale; such vesting events typically reflect compensation becoming non-forfeitable rather than a trading view by the insider.
• Transaction codes: M = conversion/exercise of derivative (RSU vesting here), F = shares withheld to satisfy tax withholding.