Compass (COMP) Chief Accounting Officer Exercises RSUs, Withholds Shares

What Happened Timothy B. Gustavson, Chief Accounting Officer of Compass, had 2,299 restricted stock units (RSUs) convert to Class A common shares on 2026-09-15. The RSUs converted at $0 exercise price (i.e., settlement of RSUs rather than option exercise). To satisfy tax withholding on the vesting, the company withheld 1,176 shares at $10.65 per share for a tax withholding of $12,524, leaving a net 1,123 shares delivered to Gustavson.

Key Details

• Transaction date: September 15, 2026; Form filed September 17, 2026 (appears timely).
• Vesting/conversion: 2,299 RSUs converted to shares (transaction code M).
• Tax withholding: 1,176 shares withheld (transaction code F) at $10.65/share = $12,524.
• Net shares received: 2,299 − 1,176 = 1,123 shares retained by the insider.
• Exercise price/consideration: $0.00 per share for the RSU settlement.
• Footnotes: F1 = each RSU converts to one share on settlement; F2 = shares were withheld to satisfy tax withholding; F3 = the underlying RSUs follow a vesting schedule (6.25% on June 15, 2026 and 6.25% quarterly thereafter, with full vesting by March 15, 2030, subject to continued service).
• Shares owned after the transaction: not specified in the provided filing.

Context This was a settlement of RSUs with shares withheld to cover taxes (a common, cashless method to satisfy withholding). Because the RSUs converted at $0, the transaction reflects compensation vesting rather than an open-market purchase or sale by the insider. Such withholding transactions are routine and do not by themselves indicate a buy or sell decision in the market.