Dunbar Richard Reid 4

What Happened

• Dunbar Richard Reid (President) was issued restricted shares on Feb 13, 2026: two awards totaling 6,580 shares (4,491 and 2,089 shares). On the same date 4,329 restricted shares vested and 1,704 shares were withheld/disposed to cover tax withholding at $190.92 per share, producing proceeds of $325,328.
• These were awards (code A) that vested and were not an open-market purchase or voluntary sale; the 1,704-share disposition (code F) was a withholding to satisfy tax obligations.

Key Details

• Transaction date(s): February 13, 2026 (filed Feb 18, 2026).
• Awarded: 4,491 and 2,089 restricted shares (total 6,580).
• Vested on Feb 13, 2026: 4,329 restricted shares.
• Withheld/disposed for taxes: 1,704 shares at $190.92 each = $325,328.
• Awards granted under the Issuer’s 2023 Equity Incentive Plan.
• Vesting schedule noted in filing:
  • 2023 long-term incentive award: 3/4 vested on performance certification date (Feb 13, 2026) and 1/4 on Jan 1, 2027.
  • 2025 annual incentive award: 1/3 vested on Feb 13, 2026; remaining thirds vest Jan 1, 2027 and Jan 1, 2028.
• Shares owned after the transaction: not provided in the excerpt.
• Filing timing: transaction dated Feb 13, filed Feb 18 (appears later than the typical two business–day Form 4 deadline).

Context

• This was a grant/vesting event of restricted stock where a portion vested and the company withheld shares to cover tax withholding — a routine, administrative disposition rather than a deliberate open‑market sale by the insider.
• For retail investors, awards vesting signal compensation realization but do not necessarily indicate the insider’s view on the stock; withheld-share dispositions to pay taxes are common.