Borton Chad M 4
Research Summary
AI-generated summary
Equifax (EFX) EVP Chad Borton Sells 4,389 Shares
What Happened
- Chad M. Borton, EVP and President, Workforce Solutions at Equifax, reported disposals tied to equity compensation and an open‑market sale. On 2026-05-06, 1,934 shares were surrendered/withheld at $173.20 per share (value $334,969) to cover exercise price or tax liability. On 2026-05-07, 2,455 shares were sold in the open market at $173.89 per share (value $426,900). Total shares disposed: 4,389 for combined proceeds of about $761,869.
Key Details
- Transaction dates and prices:
- 2026-05-06: 1,934 shares @ $173.20 — disposition for exercise price/tax withholding (code F).
- 2026-05-07: 2,455 shares @ $173.89 — open-market sale (code S) executed under a Rule 10b5-1 plan.
- Footnotes:
- F1: Withheld shares include accrued dividend equivalent units reinvested into corresponding RSUs through the last dividend payment date.
- F2: The open‑market sale was effected pursuant to a 10b5‑1 trading plan adopted 11/04/2025.
- Shares owned after the transactions: not stated in the provided filing excerpt.
- Filing timeliness: Form 4 filed 2026-05-08 for transactions reported with a 2026-05-06 period — appears timely (Form 4 is generally due within two business days).
Context
- The 1,934-share disposition appears to be withholding to satisfy tax or exercise obligations (a common, non‑market‑timing administrative action). The 2,455‑share sale was an open‑market transaction executed under a pre-established 10b5‑1 plan, which typically schedules trades in advance.
- These are sales rather than purchases; sales can be routine or for tax/cash needs and do not necessarily signal management’s view of the company.