ROSENMAN HERM 4

What Happened

• Director Herm Rosenman was granted a total of 1,677 restricted stock units (RSUs) on June 26, 2026, per the Form 4 filed June 30, 2026. The awards consist of 1,571 RSUs that vest in full on June 11, 2027 (and accelerate on a change in control) and 106 RSUs issued in lieu of a quarterly board retainer. No cash purchase or sale occurred — these are equity awards (A).

Key Details

• Transaction date: 2026-06-26; Form 4 filed: 2026-06-30 (filed within the required reporting window).
• Awards: 1,571 RSUs (vesting 6/11/2027, accelerates on change in control) and 106 RSUs (issued in lieu of $23,750 quarterly retainer; these 106 were fully vested at issuance).
• Price: N/A for awards (no open-market price involved).
• Total RSUs granted: 1,677. Shares owned after the transaction are not reported in the provided data.
• Footnotes: F1 = 1,571 RSUs vest 6/11/2027 and accelerate on change in control; F2 = each RSU equals a contingent right to one common share; F3 = 106 RSUs issued in lieu of quarterly retainer and were fully vested at issuance.

Context

• RSU grants are a common form of director compensation and are not market purchases or sales; the vested RSUs convert into common shares according to the stated vesting schedules or conditions. The 106 RSUs issued in lieu of retainer were already vested, so those represent immediate economic value to the director, while the 1,571 RSUs remain subject to future vesting.