Palomares Carlos 4

What Happened

• Carlos Palomares, a director of Regional Management Corp. (RM), exercised 9,188 stock options on Feb 27, 2026. The options had an exercise price of $15.89, resulting in an exercise cost of about $145,997.
• To cover the exercise price/tax liability, 4,589 of the newly issued shares were withheld by the company (net exercise), valued at the closing price of $31.82 per share (about $146,022). After withholding, Palomares retained 4,599 shares from this transaction.

Key Details

• Transaction date: February 27, 2026; Form 4 filed with the SEC on March 3, 2026.
• Option exercise (code M): 9,188 shares acquired at $15.89 per share (total ≈ $145,997).
• Tax/exercise withholding (code F): 4,589 shares withheld at $31.82 per share (total ≈ $146,022), per issuer net-exercise. Footnotes indicate the shares were withheld by the issuer to pay the exercise price/taxes and that $31.82 was the closing market price on the exercise date.
• Shares owned following the transaction are not specified in the filing; this transaction resulted in a net addition of 4,599 shares to Palomares’s holdings.
• No 10b5-1 plan, gift, or separate open-market sale is indicated in this filing.

Context

• This was a cashless/net option exercise: the director exercised options and the company withheld a portion of the new shares to cover exercise costs and taxes rather than issuing cash or selling shares in the open market. Net withholding is common and does not necessarily signal a deliberate market sale by the insider.
• Codes: M = option exercise; F = tax withholding. The filing shows conversion of the options into shares and the corresponding withholding; it does not show an independent market sale beyond the withheld shares.