Broadridge Financial: CFO Ghei Ashima exercised 406 shares

What happened

• Ghei Ashima, chief financial officer, had 406 restricted stock units vest and convert into 406 shares on Oct 1, 2026. The filing shows 406 shares acquired at $0.00 and disposals related to tax withholding and a derivative entry.
• Two tax-withholding dispositions of 147 shares and 168 shares were reported at $161.15, resulting in proceeds of $23,689 and $27,073, respectively (total $50,762).

Key details

• Transaction date: Oct 1, 2026. Prices: $0.00 for the 406-share conversion; $161.15 for the 147-share and 168-share withholdings. There is also a 406-share derivative disposition reported at $0.00.
• Shares owned after the transactions: not reported in the filing.
• Footnotes:
  • F1: Each restricted stock unit represented one share of common stock and on Oct 1, 2026, 406 restricted stock units vested and converted into an equal number of shares.
  • F2: Represents the amount of shares withheld to cover tax liabilities upon the vesting of 466 performance-based restricted stock units that vested and converted into an equal number of shares on Oct 1, 2026.
• Filing timeliness: not indicated as late in the information provided.

Why it may matter

• The filing shows RSUs vested and converted into shares, with shares withheld to cover tax liabilities (a form of cashless withholding rather than a market sale of additional shares).
• The filing does not show why the insider traded or why the company acted.