SCHWAB JOHN R 4

What Happened

• John R. Schwab, Chief Financial Officer of Vertex, converted 24,010 restricted stock units (RSUs) into shares on 2026-02-10. The RSUs vested and converted at $0.00 per share (transaction code M).
• To satisfy tax withholding (transaction code F), 13,489 of the converted shares were surrendered at an indicated value of $14.88 per share, generating proceeds of $200,716. That leaves a net of 10,521 shares retained by Schwab from this conversion (approximate retained value at $14.88: $156,553).

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (appears timely).
• Conversion: 24,010 RSUs -> 24,010 shares (M, $0.00 per share on conversion).
• Tax withholding: 13,489 shares withheld/disposed at $14.88 = $200,716 (F).
• Net shares retained from the conversion: 10,521 shares (24,010 − 13,489).
• Footnotes: F1 — each RSU represents a contingent right to one share; F2 — the RSU award was fully vested.
• Shares owned after the transaction (total company ownership) not provided in the supplied data.

Context

• This was not a market purchase or sale for cash gain but a routine conversion/vesting of RSUs with shares withheld to cover tax obligations (a common administrative action).
• The filing shows exercise/conversion of derivative awards (RSUs) followed by tax withholding—not an intentional "sell" signal or open-market trade by the insider.