Van Den Heuvel Will H 4

What Happened

• Will H. Van Den Heuvel, Executive Vice President (sub), was granted three equity awards on Feb 25, 2026. The grants are reported as derivative awards (code A) with strike/acquisition price $0.00 and total 20,117 units (7,506 + 1,001 + 11,610). Because these are awards/RSU-type grants rather than open-market purchases, no cash was paid and they are subject to vesting conditions.

Key Details

• Transaction date: 2026-02-25. Filing date: 2026-02-27 (appears timely).
• Grants: 7,506; 1,001; and 11,610 units — total 20,117 derivative awards — price shown $0.00.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes in the filing:
  • F1: One reported stock position was acquired under the company 401(k) plan (plan shares may be reallocated).
  • F2: Certain restricted stock units (RSUs) vest March 1, 2029 if performance goals are met (number shown is the maximum that may vest).
  • F3: Certain RSUs vest in three annual installments on March 1 based on service.
  • F4: Describes an option vesting schedule (three annual installments beginning on first anniversary) — note: this filing reports awards/RSUs, not an option exercise.
• Transaction type: Award/Grant (code A) — not an open-market buy or sale.

Context

• These are equity awards/RSUs that typically convert to shares only after vesting and when performance/service conditions are met; they are not an immediate market purchase and may be forfeitable until vested.
• Awards are common executive compensation and do not necessarily signal immediate bullish or bearish intent by the insider.