Marx Dylan 4

What Happened

• Dylan Marx, Chief Operating Officer of Canadian Solar Inc. (CSIQ), had 1,527 restricted stock units (RSUs convert) on 2026-05-21. Of those, 903 shares were withheld to satisfy tax obligations at $16.34 per share (reported total $14,758). After withholding, 624 shares were issued to Marx.
• Transaction codes show an M (exercise/conversion of a derivative award) for the RSU conversion and an F (payment of tax liability) for the share withholding. This is an award/vesting event, not an open-market buy or sale.

Key Details

• Transaction date: 2026-05-21; Form 4 filed 2026-05-22 (filed promptly).
• RSUs converted: 1,527 shares (recorded at $0.00 as conversion).
• Shares withheld for taxes: 903 shares at $16.34 per share; reported value $14,758.
• Shares issued to insider after withholding: 624 shares.
• Footnote: These RSUs have no expiration date (F1).
• Filing does not indicate a market sale of remaining shares; withholding was to cover tax liability.

Context

• This appears to be a standard RSU vesting and tax-withholding event (cashless in the sense taxes were paid by withholding shares), common for executive compensation. Such withholding transactions are routine and do not necessarily indicate a change in insider sentiment.