Schroeder Jay 4
4 · CNH Industrial N.V. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
CNH Industrial CTO Jay Schroeder Receives RSU Shares; Tax Withheld
What Happened
Jay Schroeder, Chief Technology Officer of CNH Industrial N.V. (CNH), had 8,500 restricted share units (RSUs) vest on May 4, 2026. The RSUs converted one-for-one into common shares. The issuer withheld 1,883 of those shares to cover the tax liability (withholding value reported as $19,997 at $10.62 per share), leaving Schroeder with a net delivery of 6,617 shares.
Key Details
- Transaction date: May 4, 2026 (reported on Form 4 filed May 5, 2026).
- Vesting/conversion: 8,500 RSUs converted into 8,500 common shares (RSU conversion shown as derivative exercise).
- Tax withholding: 1,883 shares withheld at $10.62 per share for $19,997 (disposed to issuer to cover taxes).
- Net shares received by insider: 6,617 common shares.
- Shares owned after transaction: not disclosed in the provided filing.
- Footnotes: F1 confirms RSUs convert one-for-one; F2 explains shares withheld to cover tax; F3 lists prior RSU grants and upcoming vesting schedules.
- Timeliness: Filing covers a May 4 transaction and was filed May 5, 2026 (appears timely under Form 4 rules).
Context
This was a vesting of RSU awards (an award conversion), not an open-market buy or sale. The withholding of shares to cover tax is a common, administrative step (code F) and does not necessarily indicate a discretionary sale by the insider. The filing also shows other RSU grants with future vesting dates, which may result in additional share deliveries in coming years.
Insider Transaction Report
- Exercise/Conversion
Common Shares
[F1]2026-05-04+8,500→ 43,450.432 total - Tax Payment
Common Shares
[F2]2026-05-04$10.62/sh−1,883$19,997→ 41,567.432 total - Exercise/Conversion
Restricted Share Units
[F1][F3]2026-05-04−8,500→ 82,273 total→ Common Shares (8,500 underlying)
Footnotes (3)
- [F1]Restricted share units ("RSUs") convert into common shares on a one-for-one basis.
- [F2]Represents the number of shares withheld by the issuer to cover the Reporting Persons's tax liability associated with the vesting of RSUs on May 4, 2026.
- [F3]On May 10, 2023, the Reporting Person was granted 8,500 RSUs, all of which vested on May 4, 2026. On May 10, 2024, the Reporting Person was granted 11,096 RSUs vesting on May 10, 2027. On November 15, 2024, the Reporting Person was granted 11,523 RSUs vesting on April 30, 2027. On March 10, 2025, the Reporting Person was granted 39,247 RSUs vesting on May 10, 2027. On May 16, 2025, the Reporting Person was granted 20,407 vesting on May 10, 2028.