Smith Donald R Jr 4

What Happened

• Donald R. Smith Jr, Interim Chief Financial Officer (also VP, CAO & Treasurer) reported multiple equity-related transactions on Feb 11, 2026. The filing shows acquisitions from exercises/conversions and awards (RSU/PSU-style derivatives) and disposals for tax/settlement purposes.
• Totals reported: 3,882 shares acquired (1,005 shares from exercise/conversion + 865 + 524 + 262 + 1,226 shares from grants/awards) and 1,035 shares disposed (435 shares withheld for taxes and 600 shares reported as disposed), for a net increase of 2,847 shares. All transactions are reported at $0.00 per share in the filing (these were vestings/conversions/awards, not open-market purchases).

Key Details

• Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (within the typical two-business-day reporting window).
• Price: $0.00 reported for all items (reflects vesting/conversion/award settlement rather than a cash purchase).
• Net change: +2,847 shares.
• Tax withholding: 435 shares were withheld to satisfy tax obligations on PSU/RSU vesting (footnote F2).
• Performance vesting: footnote F1 indicates performance-based RSUs vested at 165.3% of the original award and include dividend-equivalent shares.
• Plans/awards: awards issued under company incentive plans (footnotes F3, F7); some units include dividend equivalents (F6); certain derivative instruments have no conversion price/exercise/expiration dates per F5.
• Filing timeliness: not indicated as late; filed two days after the reported transactions.

Context

• These transactions largely reflect compensation-related equity activity (vested performance RSUs/RSUs and conversions/exercises) rather than open-market buying or opportunistic selling. Shares withheld for taxes are a routine part of equity vesting. Because the reported per-share price is $0.00, the Form 4 is documenting settlement/vesting events rather than purchases on the open market.