Curley Stephen Russell 4

What Happened

• Curley Stephen Russell, Chief Banking Officer (Non-Branch Leader), reported transactions on Feb 15, 2026. He received a grant/award of 3,665 units (cash-settled), exercised or converted derivative awards (multiple M entries) and disposed/surrendered shares to cover tax and issuer obligations.
• Dispositions: 1,314 shares were disposed (code F) at $93.20 for $122,465 (tax/exercise withholding), and two dispositions to the issuer (code D) of 165 shares ($15,378) and 129 shares ($12,023). Total shares surrendered/disposed = 1,608 for total proceeds of $149,866. Several exercises/conversions (codes M) are reported as acquired at $0, consistent with option conversions followed by share surrender.
• Overall signal: primarily routine option exercise/conversion and tax/payment-related share surrender; the filing shows no open‑market buy.

Key Details

• Transaction date: 2026-02-15; Filing date: 2026-02-18 (timely).
• Prices: Dispositions reported at $93.20 per share where applicable; awards and some conversions reported at $0 (internal conversion accounting).
• Shares disposed/surrendered: 1,608 shares totaling ~$149,866.
• Award: 3,665 units granted (code A) — units are cash-settled and each unit equals one share economically (Footnotes F1–F3 explain monthly cash vesting schedules).
• Footnotes: F1 & F3 — units vest and are payable solely in cash in monthly instalments (1/36th monthly over specified 36‑month periods starting March 2024 and March 2025). F2 — each unit equals the economic equivalent of one share.
• Shares owned after the transactions: not specified in the provided filing data.

Context

• The filing shows option/derivative exercises with immediate surrender of shares to cover taxes/exercise obligations (common “cashless” or net share settlement behavior). This is typically a routine administrative transaction and not necessarily a directional bet on the stock.
• For retail investors: purchases are often more informative of insider confidence. Here, the activity is largely administrative (exercise/withholding and cash-settled awards).