Padgett Gene 4

What Happened

• Gene Padgett, Chief Accounting Officer of TWFG, Inc. received an award of 3,250 restricted stock units (RSUs) on March 31, 2026 (acquisition price $0.00). Concurrently, 224 shares were withheld at $18.39 per share to satisfy tax withholding obligations, resulting in $4,119 in withholding (reported as a disposition).
• This is an award/grant of equity (not an open-market purchase or a sale for investment), and the withholding is a routine tax-related disposition rather than a discretionary sale of shares.

Key Details

• Transaction date: March 31, 2026; Form 4 filed April 2, 2026 (within the typical 2-business-day reporting window).
• Grant: 3,250 RSUs granted under the 2024 Omnibus Incentive Plan (acquisition price reported $0.00).
• Tax withholding: 224 shares withheld at $18.39/share to satisfy tax obligations = $4,119.
• Shares owned after transaction: not specified in the filing.
• Footnotes: RSUs vest in three equal annual installments on March 31, 2027; March 31, 2028; and March 31, 2029, subject to continued service (footnote F1). Withholding was elected by the reporting person to satisfy tax withholding (footnote F2).

Context

• RSU grants are compensation and typically vest over time; they are not the same as purchases or sales driven by market views. The withholding of shares to cover taxes is a common administrative step and does not necessarily indicate a change in the insider’s investment stance.
• For retail investors tracking insider activity, grants signal compensation alignment with shareholders but are routine; the only immediate cash change reported here is the tax withholding of ~$4.1K.