CHANG KUO WEI HERBERT 4

What Happened

• Director Herbert (Chang Kuo Wei Herbert) received a grant of 189 restricted stock units (RSUs) on February 3, 2026. The Form 4 reports the acquisition as 189 shares at $0.00 (award), i.e., no cash was paid for the RSUs on grant.
• This is an award/grant (not an open‑market purchase or sale). The RSUs have future economic value tied to the company’s share price when they vest, but the filing records the acquisition price as $0.

Key Details

• Transaction date: 2026-02-03; Form 4 filed: 2026-02-05 (filed timely).
• Amount: 189 RSUs; reported price: $0.00; reported total value on Form 4: $0.
• Vesting: The board approved the annual RSU grant; these RSUs vest one year after the grant date, subject to continued service (per footnote).
• Shares owned after transaction: not specified in the excerpt provided.
• Transaction code: A (award/grant).

Context

• RSU grants to independent directors are common compensation practices and do not by themselves indicate a buy/sell signal; they represent deferred equity compensation that converts to shares if vesting conditions are met.
• No indication of an immediate sale or exercise; value realized depends on whether the director remains in service until vesting and the company’s share price at that time.