CARTER SUSAN K 4

What Happened
Director Susan K. Carter received awards/credited deferred shares on March 24, 2026. The filing shows three acquisitions (code A) at a per-share price of $70.77: 66.27 shares valued at $4,690; 512.259 shares (derivative) valued at $36,253; and 45.015 shares (derivative) valued at $3,186 — a total of 623.544 shares worth $44,129. These were not open‑market purchases or sales but credits from the company's director compensation and RSU deferral arrangements.

Key Details

• Transaction date: 2026-03-24; Form 4 filed 2026-03-26 (timely filing).
• Price used for valuation: $70.77 per share for all items.
• Individual line items:
  • 66.27 shares @ $70.77 = $4,690 (acquired)
  • 512.259 shares @ $70.77 = $36,253 (derivative; deferred/RSU-related)
  • 45.015 shares @ $70.77 = $3,186 (derivative; dividend reinvestment)
• Shares owned after the transaction: not disclosed in this filing.
• Footnotes summary:
  • F1: Dividend equivalents on deferred RSUs credited as additional RSUs under the RSU Deferral Plan.
  • F2: Deferred shares from deferral of quarterly director fees; settled in stock as a lump sum when the director leaves the board.
  • F3: Additional deferred shares from reinvested dividends on deferred shares.
• Transaction type code: A = award/grant/acquisition (not a purchase or sale).

Context
These entries reflect compensation and dividend-equivalent credits tied to the company’s director deferral/RSU plans rather than active buying or selling by the director. Such awards are routine compensation events and do not necessarily signal a buy or sell intent. Derivative/“deferred” entries mean shares are credited now but will be settled (converted to common stock) according to the director’s deferral elections and plan rules.