Forney Scott Daniel 4

What Happened
Forney Scott Daniel (General Counsel) received an award of 2,000 restricted stock units (RSUs) on 2026-03-13 (reported on Form 4 filed 2026-03-17). On the same date, 805 shares were withheld at $14.15 per share to satisfy tax withholding obligations related to previously vested RSUs, a withholding valued at $11,391. The RSU award itself is recorded at $0.00 (award/grant).

Key Details

• Transaction dates: March 13, 2026 (reported March 17, 2026). The filing appears timely.
• Award: 2,000 RSUs granted (code A) — recorded at $0.00.
• Tax withholding: 805 shares withheld (code F) at $14.15 = $11,391 (disposition reported as withholding, not a sale by the reporting person).
• Vesting: The awarded RSUs vest in four equal annual installments beginning March 15, 2027 (footnote F1).
• Holdings note: Footnote F2 indicates 857 shares were acquired under the issuer’s employee stock purchase plan on Dec 31, 2025.
• Filing note: Footnote F3 clarifies the 805‑share transaction represents shares withheld to meet tax obligations and is not a sale by the reporting person.
• Shares owned after the transactions are not specified in the provided excerpt.

Context
RSU grants are common compensation for executives; they are not an out‑of‑pocket purchase and generally reflect compensation rather than a bullish purchase signal. Withholding shares to cover taxes is routine (a net settlement mechanism) and should not be treated the same as an open‑market sale.