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QUEST DIAGNOSTICS INC·4

Feb 20, 5:13 PM ET

Plewman Patrick 4

Research Summary

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Updated

Quest Diagnostics (DGX) SVP Patrick Plewman Receives Awards, Sells Shares

What Happened Patrick Plewman, Senior VP for Diagnostic Services at Quest Diagnostics (DGX), was granted restricted stock units (RSUs) totaling 10,961 shares (1,952 + 9,009) on Feb 18, 2026. To cover tax withholding on vesting, 244 shares were surrendered at $210.01 (≈ $51,242) and 293 shares at $206.99 (≈ $60,648) on Feb 18. Separately, on Feb 19 he sold 958 shares in an open-market sale at $204.83 for approximately $196,227. These transactions resulted in gross proceeds of about $196.2K from the open-market sale and roughly $111.9K in shares surrendered for taxes.

Key Details

  • Transaction dates and amounts:
    • 2026-02-18: Award of 1,952 RSUs (no purchase price).
    • 2026-02-18: 244 shares surrendered for tax withholding at $210.01 (≈ $51,242).
    • 2026-02-18: 293 shares surrendered for tax withholding at $206.99 (≈ $60,648).
    • 2026-02-19: Open-market sale of 958 shares at $204.83 (≈ $196,227).
    • 2026-02-18: Additional award/derivative of 9,009 RSUs (no purchase price).
  • Shares owned after the transactions: Not disclosed in the filing.
  • Footnotes:
    • F1: The awards are restricted stock units (RSUs).
    • F2: The 244 and 293-share dispositions were to the issuer solely to cover tax withholding on RSU vesting.
    • F3: The reported sale was effected pursuant to a Rule 10b5-1 sales plan (pre-arranged plan).
    • F4: Notes an options vesting schedule (vests in three equal annual installments); no option exercise was reported in these transactions.
  • Filing timeliness: Reported on 2026-02-20 for transactions on 2026-02-18 and 02-19 — filing appears to be timely (no late filing indicated).

Context

  • RSU grants are compensation that vests and are taxable; surrendering shares to cover withholding is common and routine, and not necessarily a signal about the insider’s view of the company.
  • The open-market sale being executed under a 10b5-1 plan indicates it was part of a pre-established trading arrangement rather than a spontaneous trade.
  • Purchases (bullish bets) are generally more informative than routine withholding or planned sales; here the primary items are awards (compensation) plus routine tax withholding and a planned sale.