Evans Shad E. 4

What Happened

• Shad E. Evans, Chief Financial Officer of KBR, received 889 shares on Feb 26, 2026 as a performance-based award (reported as an acquisition at $0.00). Simultaneously, 395 of those shares were withheld/disposed to cover tax withholding at $42.04 per share, generating $16,606 in proceeds.
• This was not a purchase for investment exposure but the settlement of a long-term performance award; the withholding is a routine tax-related disposition.

Key Details

• Transaction date: 2026-02-26.
• Award: 889 shares reported as acquired (code A) at $0.00 per share (footnote F1: shares issued upon achievement of a total stockholder return performance metric from the 2023 award).
• Tax withholding/disposition: 395 shares withheld (code F) at $42.04 per share, proceeds $16,606 (footnote F2: shares withheld to pay withholding taxes).
• Shares owned after the transaction: not specified in the filing.
• Filing timeliness: Form 4 filed 2026-03-02 for a 2026-02-26 transaction; this filing date falls within the typical two-business-day reporting window.

Context

• This was a performance-based equity award being settled, not an open-market buy or voluntary sell. The withholding of shares to satisfy tax obligations is a common, administrative step and does not itself indicate a change in the insider’s view of the company.