Schneider Peter W. 4

What Happened

• Peter W. Schneider, President of Primerica, reported vesting and conversion activity on March 1, 2026. He received a total of 10,893 shares from vested awards/conversions (three derivative conversions of 1,575; 1,191; 1,114 shares and a PSU/award payout of 7,013 shares) at a reported reference price of $253.66, totaling about $2.76 million gross.
• Portions of the award were withheld/surrendered to cover taxes and other obligations: 668, 505 and 472 shares were withheld for taxes (F2/F4) and 3,138 shares were surrendered to the issuer (D) — a total of 8,663 shares disposed (including certain derivative conversion entries reported as disposed at $0). Net of those dispositions, Schneider acquired about 2,230 shares (net increase).

Key Details

• Transaction date: March 1, 2026; Form filed March 3, 2026 (timely filing).
• Reported per-share reference price used: $253.66 for valuations shown.
• Gross shares acquired: 10,893 (total reported acquisition value ≈ $2,763,119). Shares disposed/withheld: 8,663 (reported disposition value ≈ $1,213,256 where applicable).
• Net shares retained after vesting/withholding: ~2,230 shares (noted from reported activity; the filing did not list total shares owned following the transactions).
• Footnotes of note:
  • F1/F5/F6: Some shares were RSUs that vested on March 1, 2026; RSUs represent the right to one share and vest annually in three equal installments beginning the year after grant.
  • F3: 7,013 shares reflect the payout of Performance Stock Units (PSUs) after a three‑year performance period, settled in shares.
  • F2/F4: Certain shares were withheld to cover taxes due on RSU/PSU vesting.
  • M = exercise/ conversion of derivative; F = tax withholding; D = disposition to issuer.
• No indication in the filing of a 10b5-1 plan or late filing.

Context

• This activity is primarily vesting and settlement of equity awards (RSUs and PSUs), not an open‑market buy or sale for investment purposes. Tax withholding and share surrender upon vesting are routine administrative actions and do not necessarily signal a change in the insider’s view of the company.
• Several derivative conversion entries are reported; some are shown as disposed at $0, which reflects internal settlement mechanics (conversion/exercise and immediate surrender/withhold), not an open-market sale.