Fisher Brian J. 4
4 · Regional Management Corp. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Regional Management (RM) EVP Brian Fisher Exercises Options, Sells Shares
What Happened
Brian J. Fisher, EVP & Chief Strategy/Development Officer at Regional Management Corp. (RM), exercised 8,918 stock options on April 15, 2026 (exercise cost shown as $178,271 at $19.99/share). Of the shares from the exercise, 5,957 were withheld to cover the exercise price and tax withholding (valued at about $227,677 based on the market price at exercise), and the remaining 2,961 shares were sold in the open market on April 17, 2026 for $38.95 each (total proceeds $115,331). Overall the exercised block (8,918 shares) was effectively monetized through withholding plus an open-market sale.
Key Details
- Transaction dates and prices:
- 2026-04-15: Exercised 8,918 options at $19.99 (exercise cost ≈ $178,271).
- 2026-04-15: 5,957 shares withheld for exercise price/taxes based on $38.22 market price (value ≈ $227,677). (Non-market net exercise.)
- 2026-04-17: Sold 2,961 shares in the open market at $38.95 (proceeds ≈ $115,331). This sale was effected under a Rule 10b5-1 trading plan adopted Dec 10, 2025.
- Footnotes of note:
- F1: Open-market sale executed pursuant to a 10b5-1 trading plan.
- F2: Withheld shares represent a "net exercise" used to pay the exercise price and tax withholding (non-market).
- F3: $38.22 is the closing market price at the time of option exercise on April 15, 2026.
- F4: The option was fully vested and exercisable (vesting completed in 2017–2019).
- Shares owned after transaction: Not specified in the reported Form 4.
- Filing timeliness: Report filed Apr 17, 2026; filings appear timely under Form 4 reporting rules.
Context
This was an option exercise with a cashless/net component: shares were withheld to cover costs and taxes and the remainder sold in the open market under a pre-established 10b5-1 plan. Such transactions are common for executives exercising vested options and do not, by themselves, indicate a change in personal view on the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-15$19.99/sh+8,918$178,271→ 36,663 total - Tax Payment
Common Stock
[F1][F2][F3]2026-04-15$38.22/sh−5,957$227,677→ 30,706 total - Sale
Common Stock
[F1]2026-04-17$38.95/sh−2,961$115,331→ 27,745 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F4]2026-04-15−8,918→ 0 totalExercise: $19.99Exp: 2027-03-15→ Common Stock (8,918 underlying)
Footnotes (4)
- [F1]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 10, 2025.
- [F2]Represents a "net exercise" of outstanding stock options. These shares were withheld by the issuer (1) for the payment of the exercise price based on the market price of the issuer's common stock at the time of the option exercise on April 15, 2026; and (2) in satisfaction of tax withholding obligations upon the exercise of the stock options. These are non-market transactions.
- [F3]Represents the closing market price of the issuer's common stock at the time of the option exercise on April 15, 2026.
- [F4]The option vested and became exercisable in three equal installments on each of December 31, 2017, December 31, 2018, and December 31, 2019. The option is now fully exercisable.