WALTERS Elizabeth J 4

What Happened

• Elizabeth J. Walters, Senior Vice President, Chief Legal Officer & Secretary of ST JOE Co (JOE), had 187 shares withheld by the company to pay taxes due upon the vesting of previously granted restricted stock.
• The withholding was reported at $68.92 per share, for a notional value of $12,888. This is an administrative tax-withholding event (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-25; Filing date: 2026-02-27 (Form 4 appears timely—Form 4s are generally due within two business days).
• Price reported: $68.92 per share; Total value: $12,888 (187 shares).
• Shares were "disposed" in the filing because they were withheld by the company to cover tax liability (footnote F1: shares withheld to pay taxes on vested restricted stock).
• Shares owned after the transaction are not provided in the excerpt of the filing.

Context

• This is a routine tax-withholding event tied to RSU vesting and does not reflect an open-market sale or change in ownership intent; such transactions are common when equity awards vest.
• For retail investors, purchases and open-market insider buys may be more informative than withholding events; this filing should be viewed as an administrative step rather than a market-moving insider sale.