O'Neil Sean Bradley 4

What Happened

• Sean O'Neil (CFO) had 3,227 restricted stock units (RSUs) vest on March 15, 2026; those units were converted/settled for cash (disposition to the issuer) based on the closing stock price of $37.75 on March 13, 2026, yielding about $121,819.25.
• On the same date he was granted two new RSU awards: 9,844 RSUs (time-based, vesting in three equal annual installments) and 9,845 RSUs (performance- and time-based; target award with 0%–200% payout opportunity based on relative TSR, measurement to March 15, 2029).

Key Details

• Transaction date: March 15, 2026 (vesting/settlement and new grants).
• Cash settlement price used: $37.75 (closing price on March 13, 2026). Cash received ≈ $121,819.25 for 3,227 vested RSUs.
• New grants: 9,844 RSUs (time-vested over 3 years) and 9,845 RSUs (performance + time vesting, 0–200% payout potential at March 15, 2029).
• Shares owned after the reported transactions: not disclosed on the provided Form 4 excerpt.
• Footnotes: RSUs represent contingent rights to receive a cash payment equal to the closing price on the applicable vesting date (see F1, F3, F4). The 9,845-unit award has a relative TSR performance modifier.
• Filing timeliness: Form filed March 17, 2026 for transactions dated March 15, 2026 — appears timely.

Context

• These transactions reflect compensation-related RSU vesting and new grants, not an open-market sale or purchase. The vested RSUs were cash-settled (converted and paid by the issuer) rather than shares being sold on the market.
• Such awards are common executive compensation and do not, by themselves, indicate the insider's view on the stock price.