TAN TRACY XIANGYAN 4

What Happened
Tan Tracy Xiangyan, Chief Financial Officer of Primerica, had restricted stock units (RSUs) vest on March 1, 2026. Three vesting events converted a total of 1,789 RSUs into common shares (406 @ $253.60 = $102,962; 680 @ $253.66 = $172,489; 703 @ $253.66 = $178,323), totaling about $453,774. To cover tax withholding, 663 shares were surrendered (121, 227, and 315 shares at ~$253.66 each), totaling about $168,177. The net result is an increase of 1,126 shares held by the insider (1,789 vested − 663 withheld). Several Form 4 derivative lines show $0 transactions reflecting the conversion/settlement of RSUs into shares.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (appears timely).
• Vesting/convert prices and values: 406 @ $253.60 = $102,962; 680 @ $253.66 = $172,489; 703 @ $253.66 = $178,323.
• Tax withholding (disposed): 121 @ $253.66 = $30,693; 227 @ $253.66 = $57,581; 315 @ $253.66 = $79,903.
• Net shares received: +1,126 shares (1,789 vested − 663 withheld). Net economic value ≈ $285,597 (gross value − taxes withheld).
• Shares owned after transaction: not specified in the provided excerpt (see full Form 4 for total holdings).
• Footnotes: F1 = RSUs vested on March 1, 2026; F2 = shares withheld to cover taxes; F3 = each RSU = 1 share; F4 = RSUs vest annually in three equal installments beginning March 1 after grant.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (shares withheld).

Context
This was an RSU vesting and tax-withholding event, not an open-market purchase or sale. Withholding shares to cover taxes is a common, administrative "disposition" and doesn’t necessarily signal bullish or bearish sentiment. For investors tracking insider activity, vested awards increase insider ownership (here net +1,126 shares) but reflect compensation mechanics rather than a cash purchase. See the full Form 4 for total post-transaction holdings and any additional details.