Marzetti (MZTI) CEO David Ciesinski Receives Award; 1,611 Shares Withheld

What Happened

• David Alan Ciesinski, President, CEO and Director of Marzetti Co. (MZTI), received an award of 4,177 shares on 2026-08-25 (reported on Form 4). The award shows an acquisition price of $0.00 (typical of stock awards/vested RSUs).
• Concurrently, 1,611 shares were disposed/withheld under code F to satisfy tax withholding obligations at $116.05 per share, for a withholding value of $186,957.

Key Details

• Transaction date(s): 2026-08-25 (both award and withholding); Form 4 filed 2026-08-28 (three days after the transaction).
• Award: 4,177 shares acquired at $0.00 (code A — grant/award).
• Tax withholding: 1,611 shares disposed at $116.05 each for a total of $186,957 (code F — payment of exercise price or tax liability).
• Shares owned after transaction: Not disclosed in the provided filing.
• Notable footnote: The disposal is a withholding to cover taxes on the award (common practice); no open-market sale of additional shares was reported.
• Timeliness: Filing was submitted 2026-08-28 for transactions on 2026-08-25. Form 4 is typically due within two business days, so this filing appears to be filed one business day after the usual deadline — investors may want to note timing but this does not change the economic facts disclosed.

Context

• This looks like a routine vesting of stock awards (or similar equity compensation) with the company withholding shares to cover tax liabilities; such withholding is administrative and does not necessarily signal a buy/sell view by the insider.
• For retail investors, award receipts confirm executive equity compensation and ongoing alignment with shareholders, while withheld shares simply satisfy tax obligations and reduce the net shares actually received.