Magalhaes Joao 4

What Happened

• Joao Magalhaes, Senior Vice President, Engineering Adhesives, exercised stock options on Feb 4, 2026. He exercised options covering 519 shares at an exercise price/value of $63.06 per share (gross value ~$32,728).
• To satisfy tax withholding related to the exercise, 245 of those shares were withheld (disposed) valued at ~$15,450, leaving a net of 274 shares delivered to him (net value ≈ $17,278). The filing shows the exercise (derivative conversion) and the withholding rather than an open-market sale.

Key Details

• Transaction date: 2026-02-04. Exercise price / reported price: $63.06 per share.
• Shares exercised (acquired): 519; shares withheld for taxes (disposed): 245; net shares received: 274.
• Dollar amounts: gross value ~ $32,728; tax withholding ~ $15,450; net value ≈ $17,278.
• Footnotes: the filing indicates the option exercised is 100% vested (footnote F4). Other footnotes listed (F1–F3, F5) describe RSU conversions and vesting schedules but are not directly relevant to this particular option exercise.
• Timeliness: Report filed on 2026-02-04 for a 2026-02-04 transaction — no late filing indicated.

Context

• The transaction code M denotes an option exercise/derivative conversion; code F denotes payment of exercise price or tax liability. Withholding of 245 shares means this was effectively a net-share (cashless) settlement to cover taxes rather than a separate open-market sale.
• Exercises and withholding are common for option-based compensation and do not by themselves indicate a change in insider sentiment; purchases are generally a stronger bullish signal.