Li Xun 4

What Happened
Li Xun, Chief Financial Officer of Power Solutions International (PSIX), exercised 7,500 stock appreciation rights (SARs) on February 12, 2026. The filing shows an exercise price of $2.00 per share (total $15,000). Upon net settlement, Li received 4,071 common shares; 3,429 underlying shares were withheld (disposed) to cover the exercise price and withholding tax obligations, valued at $92.72 per share (≈ $317,937).

Key Details

• Transaction date: February 12, 2026 (Form 4 filed February 17, 2026 — 5 days after the transaction; may be late for a Form 4 filing).
• Exercise: 7,500 SARs exercised; exercise price shown as $2.00/share (total $15,000).
• Withholding: 3,429 shares withheld at $92.72/share ≈ $317,937 to pay exercise price and taxes (code F).
• Net shares received: 4,071 shares delivered to Li Xun.
• Shares owned after transaction: not specified in the provided summary.
• Footnotes: F1 confirms the 4,071 net shares delivered and 3,429 shares withheld; F2 notes an SAR vests and becomes exercisable on September 2, 2026 (as stated in the filing).

Context

• This was a cashless/net settlement of SARs — common practice where some shares are withheld to cover exercise costs and taxes rather than the executive paying cash.
• Net acquisition of 4,071 shares is an insider acquisition event, but because part of the position was withheld to pay costs, it’s different from an open-market purchase.
• No 10b5-1 plan, gifts, or open-market sale were reported in this filing; the transaction reflects the vest/exercise mechanics for an equity award.