Jagdfeld Aaron 4

What Happened

• Aaron Jagdfeld, CEO of Generac Holdings (GNRC), exercised 109,052 stock options on 2026-02-13 at an exercise price of $33.23 per share (total cash paid ≈ $3,623,798). Simultaneously, 59,252 shares were withheld/disposed to cover tax obligations at an indicated value of $224.45 per share (≈ $13,299,111). Net shares retained from the exercise = 109,052 − 59,252 = 49,800 shares.
• This transaction is an option exercise (acquisition) with a routine tax-withholding disposition, not an open-market sale.

Key Details

• Transaction date: 2026-02-13; Form 4 filed: 2026-02-17 (timely).
• Entries reported: M (exercise/conversion) — 109,052 shares acquired @ $33.23 (≈ $3.62M); M (derivative conversion) — 109,052 shares disposed @ $0 (derivative canceled); F (tax withholding) — 59,252 shares disposed @ $224.45 (≈ $13.30M).
• Footnote: F1 — Fully vested.
• Shares owned after transaction: the filing shows a net retention of 49,800 shares from this exercise (total beneficial ownership after the transaction not provided in the summary excerpt).

Context

• This appears to be a cashless/partial-share-withholding exercise: Jagdfeld exercised options and had a portion of the resulting shares withheld to satisfy taxes. Such withholding is common for option exercises and is a compensation-related transaction rather than an affirmative open-market sell order.
• Transaction codes: M = option exercise/conversion; F = payment of exercise price or tax liability (withholding).