Buffett Howard W. 4

What Happened

• Howard W. Buffett, a director of CNH Industrial N.V. (NYSE: CNH), had 4,980 restricted share units (RSUs) vest on May 11, 2026. The RSUs converted one-for-one into 4,980 common shares. To cover tax withholding, the company withheld 150 shares, valued at $10.84 each, totaling $1,626. Net shares delivered to Buffett were 4,830.

Key Details

• Transaction date: May 11, 2026; Form 4 filed May 12, 2026 (timely).
• Conversion: 4,980 RSUs converted into 4,980 common shares (derivative conversion, code M).
• Tax withholding: 150 shares disposed/withheld to satisfy tax liability at $10.84/share for $1,626 (code F).
• Report also shows the RSU derivative ceased (4,980 units reported disposed at $0 to reflect conversion).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert one-for-one to common shares; F2 — 150 shares withheld for taxes; F3 — the 4,980 RSUs were granted May 15, 2025 and vested May 11, 2026.

Context

• This filing reports routine vesting of equity compensation (an award vesting), not an open-market purchase or a discretionary sale. The conversion had no exercise cost (exercise price $0.00); the only cash-equivalent disposition was the withholding of 150 shares to cover taxes. Such vesting is common and generally reflects standard compensation, not necessarily a trading signal.