Armenat Fritz Eric 4

What Happened

• Armenat Fritz Eric, a director of Taylor Devices, exercised options to acquire 5,000 shares on 2026-01-21 (code M). He paid $9.85 per share for a total exercise cost of $49,250.
• To satisfy tax withholding (code F), 672 of the newly acquired shares were surrendered/disposed at $73.28 per share (value reported $49,246). A related entry shows the derivative (the options) was cancelled/converted (5,000 units at $0.00) as part of the exercise.
• Net effect: 5,000 shares acquired less 672 withheld = 4,328 net shares issued to the insider.

Key Details

• Transaction date: 2026-01-21; Form filed: 2026-01-23 (timely filing).
• Exercise price: $9.85 × 5,000 = $49,250 paid by the insider.
• Tax withholding: 672 shares withheld at $73.28 each (value ~$49,246).
• Net shares received: 4,328 (5,000 acquired − 672 withheld).
• Shares owned after the transaction: not specified in the provided excerpt.
• Codes in filing: M = option exercise/conversion; F = tax withholding/payment. The $0.00 line reflects conversion/cancellation of the derivative instruments.

Context

• This was an option exercise (insider paid the exercise price to convert options into common shares) with shares withheld to cover taxes — a common (cashless-like) mechanism that results in the insider retaining fewer than the gross exercised shares.
• Exercises increase an insider’s stake (unless shares are immediately sold). Because tax withholding was handled by surrendering shares rather than an open-market sale, the filing shows both an acquisition (M) and a disposition (F) for withholding purposes.