Torres Cantu Ernesto 4

What Happened
Ernesto Torres Cantu, Citigroup's Head of International, reported an award and open‑market sales. On 2026-02-11 he was granted 31,126.41 deferred shares under Citigroup’s 2019 Stock Incentive Plan (no cash paid). On 2026-02-13 he sold a total of 67,318 shares in two open‑market transactions: 24,145 shares for $2,683,586 (avg price reported $111.14) and 43,173 shares for $4,796,093 (avg price reported $111.09), totaling approximately $7,479,679. The sales are dispositions (not purchases).

Key Details

• Transaction dates: Award 2026-02-11; Sales 2026-02-13. Filing date: 2026-02-13 (Form 4 accession 0001193125-26-051368).
• Sale prices/values reported: 24,145 shares at avg $111.14 = $2,683,586 (F2); 43,173 shares at avg $111.09 = $4,796,093 (F3); total proceeds ≈ $7,479,679.
• Award: 31,126.41 shares granted (F1); vests in four equal annual installments beginning Feb 20, 2027; none are eligible for immediate sale.
• Footnotes F2/F3: reported prices are averages across multiple trades (ranges given); full trade-level detail is available to the SEC on request.
• Shares owned after the transactions: not specified in the provided excerpt.
• Timeliness: Filing dated 2026-02-13 for transactions on 2/11 and 2/13; appears to be filed within typical Form 4 timing (timely).

Context
These were open‑market sales (dispositions), which are generally routine and don’t necessarily signal a change in insider conviction; the concurrent deferred award is compensation that vests in future years and was not sellable immediately. No 10b5‑1 plan or other trading plan is disclosed in the provided filing.