Williams Glenn J. 4

What Happened

• Glenn J. Williams, Chief Executive Officer of Primerica, reported the vesting and settlement of equity awards and the conversion/exercise of derivative awards on March 1, 2026. He received 13,907 shares in total (5,090 shares from exercises/conversions and 8,817 shares from awards) at a reported per-share value of $253.66 — gross value of acquired shares ≈ $3,527,650.
• Of those shares, 3,945 shares were surrendered to the issuer (Disposition to issuer) and 2,158 shares were withheld to cover taxes, with the withholding/disposition values reported at $1,000,689 and $547,397 respectively. After withholding and surrender, Williams’s net increase was 7,804 shares (net value ≈ $1.98M). These transactions are largely award vesting and related tax-withholding or issuer-surrender activity (routine compensation settlement), not open-market purchases or voluntary sales.

Key Details

• Transaction date: March 1, 2026. Report filed March 3, 2026 (timely).
• Notable line items (all at $253.66 per share unless noted):
  • Exercise/conversion (M): 1,980 shares ($502,247); 1,497 shares ($379,729); 1,613 shares ($409,154) — these reflect derivative conversion/exercise.
  • Award/settlement (A): 8,817 shares ($2,236,520) — payout of PSUs/RSUs.
  • Tax withholding (F): 840 shares ($213,074); 634 shares ($160,820); 684 shares ($173,503).
  • Disposition to issuer (D): 3,945 shares ($1,000,689).
  • Some derivative disposals are reported at $0 to reflect conversion/settlement of the derivative instruments.
• Shares owned after the transactions: not stated in this filing.
• Footnotes on vesting and settlement:
  • RSUs vested on March 1, 2026; each RSU equals one share and RSUs vest annually in three equal installments beginning the March 1 after grant (F1, F5, F6).
  • PSUs covered a three‑year performance period and were settled in shares; shares were withheld to cover PSU tax liabilities (F3, F4, F2).

Context

• These filings reflect compensation-related actions (vesting and settlement of RSUs/PSUs and conversion of derivatives) rather than an open-market buy or voluntary sale. The surrender/withholding of shares to cover taxes or exercise costs is common in equity compensation and does not necessarily indicate a change in the insider’s view of the company.
• For derivative/option-related lines: “M” entries denote exercise/conversion; zero-dollar disposals typically indicate the conversion of a derivative into shares reported as a separate line.
• No indication of a trading plan (10b5-1) or late filing in this report; the filing date is within the typical Form 4 reporting window.