Passafaro Ronald J 4

What Happened
Director Ronald J. Passafaro was granted 573 shares of restricted stock on March 18, 2026. The shares were awarded at $0.00 per share (total reported value $0) and are unvested at grant.

Key Details

• Transaction date: March 18, 2026; Transaction type/code: Award/Grant (A).
• Shares granted: 573 restricted shares at $0.00 per share (total $0).
• Vesting: The 573 restricted shares vest on March 18, 2027 (footnotes F1 and F2).
• Shares owned after transaction: The filing specifically notes 573 unvested restricted shares; the filing does not state total beneficial ownership beyond this award.
• Related equity awards: Footnote indicates stock options (if any) vest 20% per year beginning December 9, 2026 (F3).
• Filing timeliness: Form 4 filed March 20, 2026 for a March 18, 2026 grant — appears timely (filed within the standard 2-business-day window).

Context
This was an equity award (compensation), not an open-market purchase or sale. Restricted shares typically vest over time and are not an immediate market signal; they are common for director compensation and retention. The filing does not show any immediate sale or exercise tied to this grant.