NABEL ELIZABETH G 4

What Happened
Director Elizabeth Nabel received an award of 2,111 restricted stock units (RSUs) on 2026-04-27 (reported as an acquisition at $0.00). On 2026-04-28, 207 shares were disposed/withheld at $81.90 per share to cover tax liabilities, a transaction valued at $16,953. The award is an equity grant (not an open-market purchase); the withholding sale is a routine tax-related disposition.

Key Details

• Transaction dates and prices:
  • 2026-04-27: Grant/award (A) — 2,111 RSUs @ $0.00 (acquired)
  • 2026-04-28: Tax withholding/disposition (F) — 207 shares @ $81.90 (disposed) = $16,953
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes:
  • F1: The RSUs vest on the one-year anniversary of the award date.
  • F2: Includes 65 shares acquired through dividend reinvestment since the last report.
  • F3: The 207 shares were withheld/sold to pay taxes upon vesting of previously reported RSUs.
• Filing timeliness: Report filed 2026-04-29 for transactions on Apr 27–28 — appears timely (Form 4 must be filed within two business days).

Context
RSUs are grants that convert to shares when they vest; this award will vest in one year per the filing. The 207-share disposition was a tax-withholding action (common and routine) rather than a discretionary sale signaling investment sentiment. No indication in this filing of an open-market purchase or a liquidity-driven sale beyond tax payment.