KRISHNA ARVIND 4

What Happened

• Arvind Krishna (Chairman, President & CEO) had restricted stock units (RSUs) vest on 2026-02-21. A total of 16,903 RSUs converted to common shares (reported as derivative exercises, code M) at $0 per share (vesting). To satisfy tax withholding obligations (code F), Krishna surrendered 8,470 shares at $256.42 per share, generating $2,171,878 in value. The net result was 8,433 shares retained by the insider.

Key Details

• Transaction date: 2026-02-21; Form 4 filed 2026-02-23 (timely).
• Vesting entries: 5,166; 6,123; and 5,614 RSUs converted to shares (total 16,903).
• Tax-withheld/disposed shares: 2,587; 3,069; and 2,814 (total 8,470) at $256.42 each = $2,171,878.
• Codes: M = exercise/conversion of derivative (RSU vesting), F = payment of tax liability via share withholding.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes: these RSUs stem from grants in 2022, 2023 and 2024 with scheduled vesting (see filing footnotes F1–F5). Some units are payable in cash or stock upon lapse of restrictions (F2).

Context

• This is not an open-market sale or purchase signal; it’s routine RSU vesting with a cashless-type tax withholding (company shares surrendered to cover taxes).
• No indication of a trading plan (10b5‑1) or gifting; the action reflects standard payroll/tax mechanics tied to equity compensation.