Federal Signal (FSS) VP Diane Bonina Sells Shares, Exercises Options

What Happened
Diane Bonina, VP, General Counsel & Secretary of Federal Signal (FSS), exercised stock options and sold company shares in transactions on August 3–4, 2026. She exercised options to acquire 8,406 shares at $35.80 (cost $300,935) and 6,450 shares at $51.81 (cost $334,175) — a total exercise outlay of $635,110 for 14,856 shares. Separately, she sold a total of 19,264 shares in open-market trades for aggregate proceeds of approximately $2,505,386 (sales at weighted-average prices around $128.75–$130.45).

Key Details

• Transaction dates: Aug 3, 2026 (sale of 4,408 shares @ $128.75 = $567,528); Aug 4, 2026 (option exercises and multiple sales).
• Option exercises: 8,406 shares exercised @ $35.80 (paid $300,935) and 6,450 shares exercised @ $51.81 (paid $334,175).
• Open-market sales: 4,408; 8,306; 100; 6,350; and 100 shares at weighted-average prices reported — total sold = 19,264 shares for ~$2.505M. Footnotes F1/F2 note sales were executed in multiple trades with price ranges (approx. $130.00–$130.97); reported prices are weighted averages.
• Two derivative disposals reported at $0 reflect the conversion/exercise of option instruments (reported separately on the Form 4).
• Units in the issuer 401(k) plan were adjusted slightly (664.8677 → 665.1375) based on a $129.12 price per share (see F3).
• Vesting notes: related options vested in installments (see F4, F5 for vesting schedules).
• Filing: Form 4 filed 2026-08-05 for transactions on Aug 3–4 — filed within the standard 2-business-day window (timely).

Context
This was a classic exercise-and-sell pattern: options were exercised (cash paid for strike) and shares were subsequently sold in the open market, generating net proceeds. Exercises and subsequent sales are common for insiders managing option vesting and tax obligations and do not by themselves indicate a change in company outlook. The filing is factual; shares owned after these transactions are not provided in the supplied data.