Brown Michael J 4

What Happened

• Michael J. Brown, CEO, President and Director of Euronet Worldwide (EEFT), had 54,949 performance-based restricted shares vest on Feb 26, 2026 (reported as an award/acquisition). To satisfy tax withholding obligations on the vesting, he surrendered 24,417 of those shares at $70.93 each (disposition) for a withholding value of $1,731,898. The net effect is Brown retained an additional 30,532 shares from the vesting event.

Key Details

• Transaction date: 2026-02-26; Form 4 filed 2026-03-02.
• Award (A): 54,949 shares acquired at $0.00 on vesting.
• Tax withholding (F): 24,417 shares surrendered at $70.93, total $1,731,898.
• Net shares retained from vesting: +30,532 shares (54,949 vested − 24,417 surrendered).
• Footnotes: F1 breaks down the vested performance awards by grant date (Dec 7, 2021: 3,935; Dec 6, 2022: 40,345; Dec 12, 2023: 5,675; Dec 10, 2024: 4,994). F2 clarifies the 24,417 shares were surrendered to Euronet to satisfy tax withholding. F3 and F4 note some shares are held by Mr. Brown’s spouse as custodian for his children and by family trusts of which the spouse is trustee.
• Shares owned after transaction: not stated in the filing; net addition from this vesting was 30,532 shares.
• Filing timeliness: Form lists the Feb 26 transaction and was filed Mar 2; the filing does not flag any special late-filing notes in the disclosed text.

Context

• This was a vesting of performance-based restricted stock, not an open-market sale or a purchase. The surrender of shares to cover taxes is a routine, administrative action (a cashless/surrender-for-tax withholding), not an independent sale indicating market sentiment.
• For retail investors, such vesting + tax-withholding entries are common for executives receiving equity compensation; they increase insider ownership overall (net +30,532 shares here) even though some shares were surrendered for taxes.