Verchere Christina Campbell 4

What Happened

• Christina Verchere (Director) reported the vesting/conversion of RSU-style derivatives and related withholding on May 13, 2026. The filing shows 2,004 shares acquired via conversion/exercise of derivatives (RSUs) and a separate grant/award entry for 1,556 shares. To cover tax liabilities, 962 shares were withheld/disposed at $108.75 per share, totaling $104,618. The report also lists 1,976 shares as disposed in a derivative-related line (as reported on the Form 4).

Key Details

• Transaction date: May 13, 2026; Form 4 filed May 15, 2026 (timely within the reporting window).
• Acquisitions: 2,004 shares (exercise/conversion of derivative) and 1,556 shares (grant/award) were reported as acquired.
• Dispositions / Withholding: 962 shares withheld for taxes at $108.75/share (total $104,618); an additional 1,976 shares are reported as disposed in a derivative line.
• Footnotes:
  • F1: Reflects vesting/release of a time‑based conditional award of RSUs granted May 13, 2025 (includes 28 additional shares as dividend equivalents).
  • F2: Mandatory withholding of shares to cover applicable tax liabilities.
  • F3: Each RSU equals the right to one Ordinary Share; these are time‑based RSUs and dividend equivalents apply.
• Shares owned after the transactions: Not stated in the excerpt of the Form 4 provided.

Context

• These entries reflect RSU vesting/conversion and mandatory tax withholding—not an open‑market purchase or voluntary sale. Withholdings to cover taxes are routine and do not necessarily indicate the insider's view of the stock.
• “M” and “A” codes indicate exercise/conversion of derivatives and awards/grants; “F” indicates shares withheld to satisfy tax obligations.