Gustavson Timothy B. 4

What Happened
Timothy B. Gustavson, Chief Accounting Officer of Compass, had 2,299 restricted stock units (RSUs convert to shares) vest/convert on June 15, 2026. The conversion was recorded as an exercise/conversion (derivative) at $0.00. To satisfy tax withholding, 1,176 shares were withheld (disposed) at $8.59 per share, totaling $10,102. Net shares delivered to Gustavson were 1,123 (2,299 vested − 1,176 withheld). This is a routine vesting/tax-withholding event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-15; Form 4 filed 2026-06-17 (appears timely).
• Conversion/exercise: 2,299 RSUs → shares at $0.00 (code M).
• Tax withholding: 1,176 shares withheld at $8.59/share for $10,102 (code F).
• Net shares issued to insider: 1,123.
• Shares owned after transaction: not specified in the provided excerpt.
• Relevant footnotes:
  • F1: Each RSU converts to one share on settlement.
  • F2: Shares were withheld by the issuer to satisfy tax withholding.
  • F3: Vesting schedule — 6.25% vested on June 15, 2026 and 6.25% quarterly thereafter; 100% vests by March 15, 2030, subject to continued service.

Context
This was an RSU vesting and tax-withholding transaction (common for executives) rather than an open-market sale or purchase. The $0.00 exercise price indicates conversion of RSUs to shares rather than exercising an option that required cash; withheld shares were used solely to cover tax obligations and do not necessarily signal insider sentiment.