Kovaleski Paul 4

What Happened

• Paul Kovaleski, EVP & Chief Merchandising Officer of PriceSmart (PSMT), had 180 restricted shares withheld to satisfy his tax withholding obligation upon vesting. The shares were valued at $140.70 each for a total of $25,326. This is a routine tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-01-26
• Transaction type/code: F — tax withholding (payment of exercise price or tax liability)
• Shares withheld/disposed: 180 shares at $140.70 each; total value reported $25,326
• Footnote: F1 — withholding of restricted stock to satisfy the reporting person's tax withholding obligation upon vesting
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Filing timeliness: Report filed the same day (2026-01-26), indicating a timely Form 4

Context

• Withholding shares to cover taxes is a common administrative action when restricted stock vests and does not necessarily indicate insider sentiment about the stock. The Form 4 reports this as a disposition because shares were surrendered to cover taxes, not sold on the open market.