Chishti Humayun 4

What Happened
Chishti Humayun, President, Construction at CNH Industrial (CNH), had 5,200 restricted share units (RSUs) vest on May 4, 2026. The RSUs converted one-for-one into 5,200 common shares (derivative conversion, code M). To cover the tax liability on the vesting, CNH withheld 1,524 shares (code F) at $10.62 per share, generating $16,185. Net shares issued to Humayun from this vesting were 3,676 (5,200 vested − 1,524 withheld). The RSU conversion had an effective exercise price of $0.00.

Key Details

• Transaction date: May 4, 2026 (filed May 5, 2026); no late filing indicated.
• Vesting/conversion: 5,200 RSUs → 5,200 common shares (code M).
• Tax withholding: 1,524 shares withheld at $10.62/share for $16,185 (code F).
• Net shares delivered to insider: 3,676 shares.
• Footnotes: F1 confirms RSUs convert 1:1 to common shares; F2 notes the withheld shares cover the tax liability from the May 4, 2026 vesting; F3 lists prior and outstanding RSU grants and their vesting dates (grants in 2023, 2024, 2024, 2025 with various future vesting dates).
• Shares owned after the transaction: total CNH holdings after this transaction are not specified in the provided filing excerpt.

Context
This was a routine equity award vesting (not an open-market purchase or voluntary sale). The RSUs converted at no exercise cost (typical for RSUs), and the issuer withheld shares to satisfy tax withholding—a common "sell-to-cover"/withholding practice that reduces the net shares delivered. No 10b5-1 plan, gift, or option-purchase activity is indicated in this filing excerpt.