Diaz Fred M 4

What Happened
Director Fred M. Diaz exercised/converted 1,381 stock-unit awards on May 6, 2026. As part of that transaction, 511 shares were disposed to the issuer at $239.26 per share for proceeds of $122,262 (likely to satisfy tax withholding); the remaining shares were issued to him per the award agreement (see footnote).

Key Details

• Transaction date: 2026-05-06 (filed 2026-05-07).
• Exercise/Conversion: 1,381 shares received under a Stock Unit Award Agreement (footnote F1).
• Disposition to issuer: 511 shares sold at $239.26 for $122,262.
• The filing shows both the exercise (derivative conversion) and the surrender of shares to the issuer; the exercise entry itself lists no cash price (common for stock-unit conversions).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No 10b5-1 plan, late filing flag, or other special instructions were noted in the supplied data.

Context
This appears to be a routine exercise/settlement of stock-unit awards with a portion of shares surrendered to the company to cover withholding taxes (common practice), not an open-market sale. Such tax-withholding/issuer surrenders are standard and do not necessarily indicate a change in insider sentiment.