Budden Lauren 4

What Happened
Lauren Budden, Group VP, CAO and Controller of Insulet Corporation, received 1,808 shares of common stock on 2026-02-12 upon the vesting/settlement of performance share units (PSUs). To cover the related tax withholding, 622 of those shares were withheld (disposed) at an implied value of $240.82 per share, totaling approximately $149,790. The award shares were issued at $0.00 as a settlement of PSUs (one-for-one).

Key Details

• Transaction date: 2026-02-12 (reported on Form 4 filed 2026-02-17). The filing appears to be one business day late (expected within 2 business days).
• Award: 1,808 shares issued (code A) at $0.00 (PSU settlement).
• Tax withholding: 622 shares withheld/disposed (code F) at $240.82 per share = $149,790.
• Footnotes:
  • F1: PSUs settled one-for-one into common shares.
  • F2: Includes 86 shares acquired under the company’s Employee Stock Purchase Plan since the last Form 4.
  • F3: The 622-share transaction represents share withholding to cover tax obligations on vesting.
• Shares owned after the transaction: not specified in the provided filing.

Context
This was an equity award (PSU settlement) rather than an open-market purchase or sale. The withholding of shares to meet tax obligations is a common administrative step and is not the same as an intentional cash sale to raise proceeds. Awards and tax-withholding disposals are routine insider transactions and don’t necessarily signal a change in the insider’s view of the company.