Wasson John 4
Research Summary
AI-generated summary
ICF (ICFI) CEO John Wasson Converts RSUs; Receives 36,443‑Unit Award
What Happened
- John Wasson, President, CEO and a director of ICF International (ICFI), had restricted stock units (RSUs) convert/vest into shares on March 20, 2026 and also received a new RSU award of 36,443 units.
- Multiple derivative conversions resulted in a gross of 18,367 shares converting into common stock. To satisfy withholding obligations, 8,284 shares were withheld/used to pay tax/exercise obligations at $65.89 per share, generating proceeds/withholding of $545,832 (breakdown: 1,524 shares = $100,416; 3,298 shares = $217,305; 3,462 shares = $228,111).
- A new grant of 36,443 restricted stock units was reported (derivative award); those RSUs vest over three years (25% on each of the first two anniversaries and 50% on the third).
Key Details
- Transaction date: March 20, 2026; Form filed March 24, 2026 (filed within the usual 2-business‑day reporting window).
- Withholding/exercise price used for tax settlement: $65.89 per share (footnote).
- Shares withheld for taxes (total): 8,284 shares; total withholding value: $545,832.
- New RSU grant: 36,443 units subject to 2018 Omnibus Incentive Plan vesting schedule (25% / 25% / 50%).
- Filing does not state Wasson’s total shares owned after these transactions in this Form 4.
- Transaction codes: M = exercise/conversion of derivative; A = grant/award; F = payment of exercise price/tax withholding (net share settlement).
Context
- This appears to be routine RSU vesting with net share settlement to cover tax and exercise obligations (i.e., some vested shares were withheld rather than selling shares on the open market).
- The new RSU award is time‑based and will vest over three years; time‑based RSU grants are not an immediate purchase signal but represent future compensation that vests if the executive remains employed.
- No 10b5-1 plan or other trading-plan notation was indicated in the supplied details.