SCHULMAN DANIEL H 4

What Happened

• Daniel H. Schulman, listed as CEO and Director, received a grant/award of 197.535 derivative shares (phantom stock) on 2026-04-23. The award is reported at $13.47 per unit for a total economic value of approximately $2,661. This is an award/acquisition (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-23; Filing date: 2026-04-24 (timely).
• Units granted: 197.535 phantom shares at $13.47 each; reported total ≈ $2,661.
• Shares owned after transaction: Not disclosed in this filing.
• Nature of award: Phantom stock (derivative) — economic equivalent of common shares but settled in cash per the deferred compensation plan (Footnote F1).
• Additional note: Includes phantom stock acquired through dividend reinvestment (Footnote F2).
• Transaction code: A (Award/Grant). Not a sale or exercise; no immediate market trade.

Context

• Phantom stock is a cash‑settled deferred compensation vehicle: it tracks the value of common shares but pays out in cash under plan rules rather than delivering actual shares. Such grants are part of executive compensation and do not directly increase share count. This filing is informational and does not by itself indicate trading intent.