Chishti Humayun 4

What Happened
Humayun Chishti, President, Construction for CNH Industrial N.V. (CNH), was granted 15,469 restricted share units (RSUs) on May 26, 2026. The award is reported as a derivative grant (transaction code A) with a reported acquisition price of $0 (no cash paid). The RSUs convert into common shares on a one‑for‑one basis when they vest.

Key Details

• Transaction date: May 26, 2026; Report filed: May 27, 2026 (timely filing).
• Grant: 15,469 RSUs; reported price: $0. These RSUs vest on February 28, 2029 (per footnote).
• Shares owned after transaction: not specified in this Form 4.
• Footnotes: F1 clarifies RSUs convert one-for-one into common shares; F2 confirms the May 26, 2026 grant vests 2/28/2029; F3 lists prior RSU grants (7,053 v.5/10/2027; 8,438 v.4/30/2027; 13,448 v.5/10/2028).
• Transaction type: Award/Grant (code A). No 10b5-1 or tax‑withholding detail provided in this filing.

Context
RSU grants are compensation, not open‑market purchases or sales. They do not immediately change Chishti’s liquid ownership because the units only convert to shares upon vesting (here, Feb 28, 2029). The reported $0 reflects that this was a grant rather than a cash purchase; potential tax consequences and share ownership implications will occur at vesting or when RSUs are settled.