Wagner Richard 4

What Happened

Richard Wagner, Senior Vice President and COO of INSTEEL INDUSTRIES, had 2,271 Restricted Stock Units (RSUs vest) on February 14, 2026. The RSUs converted one-for-one into 2,271 common shares; 592 of those shares were withheld to satisfy tax withholding at $37.58 per share, resulting in $22,247 paid in taxes. After withholding, Wagner received a net 1,679 shares.

Key Details

• Transaction date: February 14, 2026 (reported on Form 4 filed February 17, 2026). Filing appears timely given the weekend/holiday timing.
• Gross shares vesting/converted: 2,271 RSUs → 2,271 common shares.
• Shares withheld for taxes: 592 shares at $37.58 = $22,247 (tax withholding).
• Net shares delivered to insider: 1,679 shares (2,271 − 592).
• Footnotes: F1–F4 indicate these were RSUs that vested on Feb 14, 2026 and convert one-for-one to common stock; shares were withheld to cover taxes.
• Shares owned after the transaction: not specified in the provided filing details.

Context

This was an award/vesting event (RSU conversion), not an open-market purchase or sale. Withholding shares for taxes is a routine administrative step and does not necessarily signal insider sentiment. For retail investors, awards increase insider exposure to company stock but are compensation-related rather than a direct bullish purchase.