Benes Julie E. 4

What Happened
Julie E. Benes, General Counsel and Secretary of TWFG, was granted 5,000 restricted stock units (RSUs) on March 31, 2026 (report filed April 2, 2026). At the same time, 337 shares were withheld/disposed to satisfy tax withholding obligations at $18.39 per share, resulting in approximately $6,197 in withholding. The RSU grant is an award (not a cash purchase) and the share withholding is a routine tax-related disposition rather than an open-market sale.

Key Details

• Transaction dates and prices:
  • 2026-03-31: Award/Acquisition of 5,000 RSUs at $0.00 (code A).
  • 2026-03-31: Tax withholding/Disposition of 337 shares at $18.39 each, total ≈ $6,197 (code F).
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: RSUs granted under the 2024 Omnibus Incentive Plan; vest in three equal annual installments on 3/31/2027, 3/31/2028, and 3/31/2029, subject to continued service.
  • F2: The 337 shares were withheld at the reporting person's election to satisfy tax withholding when RSUs were released.
• Filing timeliness: Report filed 2026-04-02 for transactions dated 2026-03-31 (no late-filing flag indicated).

Context
RSU grants represent a promise of shares if the executive remains employed through vesting dates; they are not an immediate cash investment signal. The withheld 337 shares are a common cashless mechanism to cover payroll taxes and reduce the number of net shares the insider receives upon vesting. This filing shows standard equity compensation activity rather than discretionary selling for investment purposes.