Palmer Richard Keith 4

What Happened Richard K. Palmer, a director of CNH Industrial N.V. (CNH), received a grant of 5,634 restricted stock units (RSUs) on May 26, 2026. The award is recorded as an acquisition at $0.00 because it is a deferred equity grant (derivative instrument) rather than an open‑market purchase. RSUs convert into common shares on a one‑for‑one basis when they vest.

Key Details

• Transaction date: May 26, 2026; Form 4 filed May 27, 2026 (timely filing).
• Transaction type/code: Award/Grant (A).
• Amount: 5,634 RSUs; reported acquisition price $0.00.
• Vesting: RSUs vest on the earlier of the first anniversary of the grant (May 26, 2027) or the first annual general meeting after the grant (Footnote F2).
• Conversion: RSUs convert into common shares on a one‑for‑one basis (Footnote F1).
• Shares owned after transaction: Not specified in the filing.

Context RSU grants to non‑executive directors are a common form of compensation and are not the same as a market purchase or sale; they indicate deferred equity compensation rather than an immediate cash investment or divestment. Because these are derivative awards that vest in the future, they do not immediately change the company’s outstanding common shares until conversion.