TULANEY THOMAS P 4

What Happened

• TULANEY THOMAS P (President) had 709 restricted stock units (RSUs) accelerate and convert into common stock on 2026-04-03. Of the resulting shares, 315 were surrendered/withheld to cover tax obligations at $54.62 per share (total value $17,205). The conversion and withholding left a net 394 shares credited to his account and the RSU balance related to this grant is now zero.

Key Details

• Transaction date: 2026-04-03; Form 4 filed: 2026-04-07 (filed 4 days after the transaction).
• Actions reported: M = conversion/exercise of derivative (709 RSUs converted to 709 shares); F = tax withholding/disposition of 315 shares at $54.62 ($17,205).
• Net new shares received by the insider: 709 converted − 315 withheld = 394 shares.
• Footnotes: RSUs convert one-for-one into common stock (F1). The shares are owned jointly with the insider’s spouse (F2). The RSU grant was originally 1,075 RSUs vesting over time; vesting of 709 RSUs was accelerated to 4/3/2026 leaving a zero RSU balance from that acceleration (F3, F4).
• Timeliness: Filing appears to be late (filed April 7 for an April 3 transaction).

Context

• This was an RSU vesting and tax-withholding event, not an open-market sale. Surrendering shares to cover taxes is a routine administrative step and does not necessarily reflect a buy/sell decision about the company’s outlook.
• The code M indicates conversion/exercise of a derivative (here, RSUs); code F indicates shares were transferred to satisfy tax withholding.