Kelley Mary Lou 4

What Happened

• Mary Lou Kelley, a director of YETI Holdings, received two equity awards on 2026-05-07 totaling 6,538 units: 2,819 deferred stock units (DSUs) and 3,719 restricted stock units (RSUs). Both awards were reported as acquisitions at $0 per unit (award/compensation), so no cash was exchanged.
• Each deferred stock unit and restricted stock unit represents the right to receive one share of YETI common stock upon settlement or vesting (per filing footnotes). The filing reports beneficial ownership that includes 25,616 deferred stock units and 3,719 restricted stock units.

Key Details

• Transaction date: 2026-05-07; Filing date (Form 4): 2026-05-11.
• Transaction type/code: Award/Grant (Code A). Price reported: $0. Total units received: 6,538 (2,819 DSUs; 3,719 RSUs).
• Shares/units reported as owned after the transaction: includes 25,616 deferred stock units and 3,719 restricted stock units (per footnote).
• Footnotes: F1 = deferred stock units; F2 = restricted stock units; F3 clarifies the composition of holdings. No sale, purchase in the open market, or option exercise was reported.

Context

• These awards are compensation-type grants to a director and are different from open-market purchases (which some investors view as a stronger bullish signal). DSUs/RSUs typically convert to actual shares only when they vest or are settled, so they do not immediately increase tradable share count.
• The report shows acquisition via grant only; there was no cash outlay or immediate sale reported.