Wiater Christina 4

What Happened
Christina Wiater (PFO/PAO) converted vested restricted stock units (RSUs) into 9,186 shares in mid-February 2026 (4,006 on Feb 14 and 5,180 on Feb 15). To cover tax withholding, 2,697 shares were surrendered (1,176 shares on Feb 14 and 1,521 shares on Feb 15) at a reported price of $51.85, totaling $139,840. In addition, Wiater was granted 5,407 new RSUs on Feb 13, 2026 (these RSUs vest in equal annual installments over three years).

Key Details

• Transaction dates: Feb 13–15, 2026; Form 4 filed Feb 18, 2026.
• Conversions/exercises: 4,006 shares (2/14) and 5,180 shares (2/15) — exercise/conversion reported with $0.00 exercise price (typical of RSU-to-share conversion).
• Tax withholding: 1,176 shares @ $51.85 = $60,976 (2/14); 1,521 shares @ $51.85 = $78,864 (2/15); total withheld ≈ $139,840.
• Grant: 5,407 RSUs awarded 2/13/2026; vest 1/3 each year on Feb 13, 2027–2029 (see footnotes).
• Shares owned after transaction: not disclosed in the provided excerpt.
• Footnotes: F1 clarifies 1 RSU = right to one share; F2–F4 list vesting schedules for the Feb 13, 2026 grant and prior RSU grants (2023–2025).
• Filing timeliness: Form filed Feb 18 covering Feb 13–15 transactions (filing date shown in accession).

Context
These filings reflect routine RSU vesting and conversion, with shares withheld to satisfy tax obligations (code F indicates tax withholding). Because the exercise/conversion shows a $0.00 exercise price, this was not a cash purchase — it’s the conversion/settlement of equity awards rather than an open-market buy or sale. Such withholding transactions are common and generally reflect payroll tax obligations rather than a directional bet on the stock.