Farrer Marshall 4/A

What Happened
Director Farrer Marshall was awarded 5,586 derivative awards (reported as 5,586 shares at $0.00) on July 24, 2025. The filing shows a grant/award (code A) with no cash paid at grant (price reported $0.00), consistent with a stock appreciation rights (SARs) style award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2025-07-24 (award/grant)
• Reported amount: 5,586 derivative awards, reported at $0.00 per unit (no immediate cash outlay)
• Filing: Amended Form 4 filed 2026-05-29 to correct the number of SARs originally reported on the Form 4 filed 2025-07-25 (Footnote F1)
• Shares owned after transaction: not specified in this amended filing
• Transaction type: Award/derivative (A); not an outright stock purchase or sale

Context
Stock appreciation rights (SARs) are compensation awards that give the holder a claim on future appreciation in the company’s stock value; they do not represent immediate cash proceeds or share sales. Because this is a grant/amendment rather than a purchase or sale, it’s a compensation event—not a direct market signal. The amendment corrects the originally reported count; the underlying grant was first reported on July 25, 2025.