BOWES JAMES R 4

What Happened
James R. Bowes, President — Building Products, was issued 1,014 common shares as the payout of a long-term performance award (code A) on July 7, 2026. To satisfy tax withholding on the vesting, 453 of those shares were withheld/disposed (code F) at $53.09 per share, producing proceeds of $24,050. This was an award/vesting event, not an open-market purchase or voluntary sale.

Key Details

• Transaction date: 2026-07-07; Form filed: 2026-07-08 (timely filing).
• Award: 1,014 shares @ $0.00 (grant/award).
• Tax withholding disposition: 453 shares @ $53.09 = $24,050 (reported as disposal to cover tax).
• Footnote F1: Award stems from a long-term performance share grant made June 30, 2023 under the company’s LTIP; payout approved by the Compensation Committee on June 22, 2026 based on performance for the three-year period ending May 31, 2026.
• Footnote F2: The 453-share disposition represents shares withheld to satisfy tax withholding upon vesting.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• This was a performance-based vesting award (routine executive compensation) rather than an open-market buy or purposeful sale; the withheld shares disposition is a standard tax-withholding mechanism.
• Such award-related transactions reflect compensation outcomes, not direct insider market timing or a change in stake intent.