Marcon Rachel Barthelemy 4

What Happened

• Rachel Marcon (President, Doors) was awarded 1,322 shares on Feb 25, 2026 as the settlement of performance share units (PSUs). The award shows an acquisition of 1,322 shares at $0.00 (grant value recorded as $0 in the transaction line).
• At the same time, 393 shares were withheld to satisfy tax withholding obligations and reported as a disposition at $123.48 per share, totaling $48,528.

Key Details

• Transaction date: 2026-02-25; Filing date (Form 4): 2026-02-27 (filed two days after the transaction).
• Award: 1,322 shares (code A — award/grant via PSU settlement for performance cycle ended 12/31/2025; footnote F1).
• Tax withholding: 393 shares withheld (code F — shares withheld upon settlement to satisfy tax obligations; footnote F2) at $123.48/share = $48,528.
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: filed within the typical 2-business-day Form 4 window.

Context

• This was a PSU settlement (an award), not an open-market purchase or sale by the insider. The withholding of shares to cover taxes is a routine administrative step and reported as a disposition for withholding purposes.
• Net effect (based on the reported numbers): Marcon received 1,322 shares and 393 were withheld, leaving a net issuance of 929 shares added to her holdings (assuming no other simultaneous transactions reported).