Morris David Richard 4

What Happened

• David Morris (Director) had restricted stock units (RSUs) vest on 2026-02-20. The vesting resulted in 2,225 shares issued at $22.20 per share (total value $49,395). To cover tax withholding, 868 of those shares were surrendered/withheld (valued at $22.20 each, $19,270), leaving a net 1,357 shares retained ($30,125 value).
• The filing shows the RSU derivative was converted/settled into common stock (a non-cash settlement of the award); this is an award/vesting event rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-20; filing date: 2026-02-24 (filed within reporting window).
• Vesting issuance: 2,225 shares @ $22.20 = $49,395; Tax withholding: 868 shares @ $22.20 = $19,270 (disposed); Net shares retained: 1,357 (~$30,125).
• Footnotes: RSUs will be settled in common stock (F4); vest in three equal installments beginning one year after grant dates (F2 for 02/21/2024 grant; F3 for 03/20/2024 grant); no expiration date once RSUs vest (F1).
• Shares owned after the transaction are not specified in the excerpt of the filing.

Context

• This was an RSU vesting and settlement (award), not a market purchase or sale; withholding of shares for taxes is routine and does not necessarily indicate a change in insider sentiment.
• For derivative entries: the filing reflects conversion/settlement of the RSU derivative into common stock (zero cash proceeds on the derivative disposition line), followed by withholding to satisfy tax obligations.