Ray James R Jr 4

What Happened
Ray James R Jr (identified as a Director in the Form 4; the footnotes also refer to him as the Company's President & CEO) surrendered 85,031 unvested restricted shares back to Commercial Vehicle Group, Inc. on April 22, 2026, and on June 2, 2026 the Compensation Committee granted him two restricted stock awards totaling 420,110 shares (85,031 and 335,079). All transactions show $0.00 per share because these were disposals to the issuer (surrender) and grants of restricted stock, not open-market sales or purchases. Net effect: Mr. James received 420,110 awards and surrendered 85,031 shares, for a net increase of 335,079 restricted shares.

Key Details

• Transaction types and dates:
  • Apr 22, 2026 — Disposition to issuer (surrender) of 85,031 unvested restricted shares (price $0.00).
  • Jun 2, 2026 — Grants/awards of 85,031 and 335,079 restricted shares (each at $0.00).
• Vesting and sale restrictions:
  • The granted shares vest on the date Mr. James reaches the company's "Rule of 66" retirement age; for these grants that date is January 4, 2027.
  • These shares cannot be sold for one year after the vesting date.
• Why this happened: The April surrender was to cure an inadvertent Plan share-limit exceedance from an earlier 2025 grant (the original award exceeded the Plan limit by 85,031 shares).
• Net change: +335,079 restricted shares (420,110 granted minus 85,031 surrendered).
• Filing timeliness: The Form 4 was filed on June 11, 2026. The April 22 and June 2 transactions were reported after the typical Form 4 two-business-day deadline (the filing is late), which is noted for investors tracking timely insider reporting.

Context
These transactions are structured as restricted stock awards and a corrective surrender to comply with the company’s equity plan limits. Restricted stock grants vest on a future service/retirement date and include post-vesting sale restrictions; such awards are not open-market purchases and do not represent immediate cash transactions.