Maas Kym 4

What Happened

• Kym Maas, President, LE Consumer & CCO, received a grant of 26,385 restricted stock units (RSUs) on March 23, 2026.
• On March 24, 2026, 5,151 RSUs were converted/exercised into common shares (conversion/exercise recorded at $0.00 per share). To satisfy tax withholding, 1,807 of those shares were withheld by the issuer at a per-share value of $12.56, totaling $22,696. This was an RSU settlement/tax-withholding event, not an open-market sale or purchase.

Key Details

• Transaction dates: RSU grant 2026-03-23; conversion/exercise and withholding 2026-03-24.
• Prices/values: conversion/exercise recorded at $0.00 per share; tax withholding 1,807 shares × $12.56 = $22,696.
• Shares owned after the transactions: not specified in the filing.
• Notable footnotes: RSUs represent contingent rights to shares (F1); shares were withheld to satisfy tax withholding (F2); multiple time-based vesting schedules apply (F3–F5) with installments through 2029.
• Filing timeliness: report filed 2026-03-25 for transactions occurring 2026-03-23–24; appears to be filed promptly.

Context

• These were RSU awards and settlements (derivative transactions). The conversion was effectively a cashless settlement of RSUs — no cash purchase by the insider and no open-market sale of converted shares (issuer withheld shares to pay taxes).
• RSU grants and routine tax withholdings are common compensation events and do not necessarily signal the insider's buying or selling sentiment.