McCarter Josh N. 4

What Happened

• Josh N. McCarter, a Director of Compass, reported derivative activity on 2026-05-14: he exercised/converted 35,288 derivative units (code M) and the filing also shows a matching disposition of 35,288 derivative shares (both reported at $0). Separately, he was granted 27,702 RSUs (award, code A) with $0 reported value.
• Reported prices and total consideration are $0 for these transactions as shown on the Form 4. The activity is primarily a conversion/settlement of derivatives plus a new RSU award, not an open-market cash purchase or a straightforward cash sale.

Key Details

• Transaction date: 2026-05-14; Form 4 filed: 2026-05-15 (appears timely).
• Exercise/conversion: 35,288 derivative shares (M) acquired and 35,288 derivative shares disposed — both reported at $0.
• Grant/award: 27,702 RSUs (A) granted, reported at $0; each RSU represents a contingent right to one share upon settlement (F1).
• Shares owned after transaction: not specified in the filing.
• Reporting relationship: The filing notes the reporting person and spouse are trustees and beneficiaries of the McCarter Living Trust (F2).
• Vesting notes: the filing includes vesting schedules — some RSUs vest 100% by the earlier of the next annual meeting and May 22, 2026 (F3) and others by the earlier of the next annual meeting and May 14, 2027 (F4).

Context

• Code M denotes exercise or conversion of a derivative; because the filing shows both acquisition and disposition of the same 35,288 derivative units at $0, this appears to be an internal conversion/settlement (e.g., net or non‑cash settlement) rather than a public sale. The 27,702 RSUs are awards that will convert to shares only upon vesting/settlement per the footnoted schedules.
• These entries reflect routine compensation and derivative settlement activity rather than a clear buy/sell signal; no cash proceeds or open-market purchases are reported.