Boyles Dale W 4
Research Summary
AI-generated summary
Warrior Met CFO Dale Boyles Receives RSU Award, Withholds Shares
What Happened
- Dale W. Boyles, Chief Financial Officer of Warrior Met Coal, received equity from vested restricted stock units (RSUs). On Feb 9, 2026 he was issued a total of 33,076 shares as performance-based RSUs (grants from 2023, 2024 and 2025 that vested based on 2025 performance). On Feb 10, 2026 an additional 1,780 shares were converted/settled from time-based RSUs.
- To satisfy tax withholding obligations, 14,671 shares were withheld on Feb 9 (value reported $1,379,074) and 790 shares were withheld on Feb 10 (value reported $71,345), for a combined withholding of 15,461 shares valued at approximately $1.45 million.
- These were issuances/settlements of RSUs (not open-market purchases or voluntary sales). The performance-based issuance on Feb 9 is reported as exempt under Rule 16b-3(d) per the filing.
Key Details
- Transaction dates & amounts:
- 2026-02-09: Award/Grant (A) — 33,076 shares issued (performance-based RSUs).
- 2026-02-09: Tax withholding (F) — 14,671 shares withheld, $1,379,074.
- 2026-02-10: Conversion/exercise (M) — 1,780 shares converted from RSUs.
- 2026-02-10: Tax withholding (F) — 790 shares withheld, $71,345.
- Total shares withheld for taxes: 15,461; total withholding value ≈ $1,450,419.
- Notable footnotes:
- F1: Breakout of the 33,076 performance shares (13,566; 8,828; 10,682) earned for the 2025 performance period and exempt under Rule 16b-3(d).
- F3–F6: Describe time-based RSU vesting schedules and plan (Warrior Met 2017 Equity Incentive Plan).
- F2: Withholding of shares to satisfy tax liabilities.
- Filing timeliness: Transactions occurred Feb 9–10, 2026; Form 4 was filed on Feb 17, 2026. The filing is marked late (L) relative to standard 2‑business‑day reporting for Section 16 insiders.
- Shares owned after the reported transactions: not specified in the provided filing details.
Context
- These entries reflect RSU vesting and share withholding for taxes — routine compensation-related transactions rather than open-market buys or discretionary sales. Performance-based RSU settlements may be exempt from short-swing profit rules under Rule 16b-3(d) as noted.
- For derivative-related entries: “M” denotes conversion/exercise of derivative awards (here, RSUs converting into common stock); “F” denotes shares withheld to cover tax obligations. These are administrative actions and do not necessarily indicate a bullish or bearish signal by the insider.