Baker Charles 4

What Happened
Charles Baker, Chief Financial Officer of Etsy, was granted 86,617 restricted stock units (RSUs) on March 16, 2026. The grant is reported as a derivative award at $0.00 acquisition price (typical for RSU compensation); no immediate cash changed hands and no shares were sold. The RSUs convert 1-for-1 into common stock upon vesting.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-18 (filed two days after the transaction).
• Grant: 86,617 RSUs @ $0.00 (derivative award, code A).
• Shares owned after transaction: Not reported in the Form 4.
• Vesting/tax notes:
  • RSUs vest in 12 equal quarterly installments (12 quarters = 3 years), beginning July 1, 2026, subject to continued employment or prior retirement eligibility; RSUs have no expiration date (Footnote F3).
  • Units convert 1-for-1 to common stock (Footnote F2).
  • Reporting person authorized Etsy to withhold a sufficient number of shares to satisfy tax withholding upon delivery (Footnote F1).

Context
This is a standard equity compensation grant—not a purchase or sale—and does not by itself indicate buying or selling sentiment. No immediate dilution occurs until RSUs vest and shares are delivered; tax withholding may reduce the number of shares actually issued to the insider when delivery occurs.