MAVROLEON BASIL G 4

What Happened

• Director Basil G. Mavroleon reported an acquisition of 5,545 shares on June 18, 2026. The transaction is recorded as a derivative award (code A) at $0.00, reflecting restricted stock units (RSUs) that vested into common shares rather than a cash purchase.

Key Details

• Transaction date: June 18, 2026; Filing date: June 23, 2026 (appears filed after the typical 2-business-day Form 4 deadline).
• Reported price: $0.00 per share (RSU vesting/award conversion).
• Shares acquired: 5,545 shares (via vested RSUs).
• Shares owned after transaction: Not specified in the filing.
• Relevant footnote(s): F1 explains each RSU converts to one share (or cash, at committee discretion); F12 states these RSUs vested on June 18, 2026. Other footnotes (F2–F11) list prior RSU vesting dates for context.
• Transaction type: Award/vesting of RSUs (derivative conversion), not an open-market purchase or sale.

Context

• This was a vesting/award event (RSUs converting to shares), so no cash outlay by the insider and it is not a sale. Such vesting events are common as part of executive/director compensation and do not by themselves signal buying or selling intent.
• The filing was reported five days after the transaction date, which is later than the usual 2-business-day deadline for Form 4s; late filings are often administrative but can reduce the timeliness of disclosure for investors.