davis delancey w 4

What Happened

• Delancey W. Davis, President (Headwater Companies), had restricted stock vest on 2026-02-16. He was granted/acquired 1,489 shares at $108.94/share (total value $162,212). To cover tax withholding, 690 of those shares were surrendered at the same price (value $75,169), leaving a net increase of 799 shares (net value ≈ $87,043). This was a vesting/award transaction (not an open-market buy or sale).

Key Details

• Transaction date: 2026-02-16; Filing date: 2026-02-18 (filed within the normal Form 4 reporting window).
• Grant/acquisition (code A): 1,489 shares @ $108.94 — $162,212.
• Tax withholding (code F): 690 shares withheld @ $108.94 — $75,169.
• Net shares added from this vesting: 799 shares (≈ $87,043).
• Holdings note (footnote): He also holds 1,439 RSUs vesting 2/20/2028, 1,499 RSUs vesting 2/22/2027, and 5,341 shares owned outright.
• Transaction codes: A = award/acquisition; F = tax withholding (shares surrendered to cover taxes).

Context

• This was a routine vesting of restricted stock units. The withholding of shares to cover taxes is common and does not indicate an open-market sale. The filing appears timely (reported two days after the transaction). As this is an award/vesting event rather than a purchase, it should be viewed as compensation-related rather than a personal market buy signal.