Nickolas James AJ 4

What Happened

• Nickolas James AJ, Chief Financial Officer of CNH Industrial N.V., had 183,673 restricted share units (RSUs) convert into common shares on May 4, 2026. Of those vested shares, 81,368 were withheld by the issuer to cover the reporting person's tax liability, generating $864,128 in value. The net shares delivered to the insider were 102,305 (183,673 vested − 81,368 withheld). The conversion/settlement is reported as a derivative exercise/conversion (code M) with tax withholding (code F).

Key Details

• Transaction date: May 4, 2026; Form 4 filed May 5, 2026.
• Vested/converted: 183,673 RSUs → 183,673 common shares (one-for-one per filing).
• Shares withheld for taxes: 81,368 shares at $10.62 per share for $864,128.
• Net shares received: 102,305 common shares (after withholding).
• Implied gross value of vested shares at $10.62: ~ $1.95 million.
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes: F1 notes RSUs convert one-for-one; F2 confirms issuer withheld shares to cover tax liability; F3 lists original grant of 744,567 RSUs with remaining vesting schedule (183,674 on 4/30/2027; 83,342 on 5/10/2028; 293,878 on 5/10/2030).
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to satisfy tax liability (routine).

Context

• This appears to be a routine RSU vesting event with net share settlement (issuer withholding shares to cover taxes), not an open-market sale or purchase. Such withholdings are common and generally reflect tax obligations rather than a liquidity-driven sale. The filing was submitted one day after the vesting date and does not indicate any late-reporting concerns.