Baker Charles 4

What Happened

• Charles Baker, Chief Financial Officer of Etsy, had 7,218 restricted stock units (RSUs) vest and convert into common shares on July 1, 2026. The company withheld 3,992 of those shares to satisfy tax withholding obligations at an implied per-share value of $72.83, totaling $290,737. The transaction resulted in a net delivery of 3,226 shares to Baker.
• This activity is an award settlement (vesting of RSUs) rather than an open-market purchase or sale by the insider. The filings show the RSU-to-share conversion and the issuer withholding shares to cover taxes.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026.
• Gross shares that vested/converted: 7,218 shares (RSUs).
• Shares withheld for taxes: 3,992 shares at $72.83 per share = $290,737 withheld.
• Net shares received by insider: 3,226 shares (7,218 − 3,992).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnotes: RSUs represent a 1-for-1 conversion to common stock (F1, F3). Withholding by the issuer satisfied the reporting person’s tax obligations (F2). These RSUs vest in 12 equal quarterly installments starting July 1, 2026 (F4).
• Filing timeliness: Form lists transaction date July 1 and was filed July 6; the filing itself does not flag a late-report indicator in the provided data.

Context

• This was a routine equity award settlement (vesting) with shares withheld for taxes — a common administrative step that does not necessarily signal insider buying or selling intent. For option/derivative terminology: the RSUs were converted into shares (reported under derivative exercise/conversion), then a portion was surrendered/withheld to cover tax obligations.