Compass (COMP) CLO Ethan Glass Receives 101,734 RSU Shares (Net 50,764)

What Happened

• Ethan Charles Glass, Chief Legal Officer of Compass, had RSUs vest and convert into 101,734 shares of Compass Class A common stock on September 15, 2026 (reported on Form 4 filed 2026-09-17). The conversion entries are recorded as derivative exercises (code M) at $0.00 per share. To satisfy tax withholding obligations, 50,970 shares were withheld (code F) at $10.65 per share, totaling $542,831. After withholding, Glass received approximately 50,764 net shares.

Key Details

• Transaction date: 2026-09-15. Form filed: 2026-09-17 (appears timely).
• Conversion/exercise entries (code M): total 101,734 shares @ $0.00 (RSU settlement).
• Tax-withholding (code F): 50,970 shares withheld @ $10.65 = $542,831.
• Net shares delivered to insider (calculated): 101,734 – 50,970 = 50,764 shares.
• Shares owned after transaction: not specified in the provided data.
• Footnotes of note:
  • F1: Each RSU equals a future right to one share upon settlement.
  • F2: Withheld shares were used to satisfy tax withholding on vesting.
  • F3/F4: Two different vesting schedules apply to the awards (one vests 6.25% then quarterly through 9/15/2029; the other vested 25% each quarter through 9/15/2026), explaining the settlement timing.
• Transaction codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld for taxes.

Context

• This was a scheduled RSU vesting and net settlement to cover tax obligations — a routine compensation event, not an open-market sale or purchase. The RSUs converted into shares (derivative exercise), and the company withheld a portion to pay taxes rather than Glass selling shares on the market. Routine withholdings like this generally do not signal insider sentiment about the stock.