Ansberry Jennifer I 4

What Happened

• Jennifer I. Ansberry, EVP, General Counsel & Secretary of Lincoln Electric Holdings (LECO), exercised 10,657 stock options on Feb 17, 2026 at $114.27 per share (cost ≈ $1,217,775) and immediately sold all 10,657 underlying shares in open-market trades for total proceeds of about $3,078,282.
• Separately, on Feb 13, 2026 she disposed of 465 shares (reported as payment of exercise price or tax liability) at an average price of $293.68 for $136,561.
• Net effect: options were exercised and the acquired shares were sold the same day (a cashless-like transaction); the filing also shows a derivative reporting line for the exercised options.

Key Details

• Dates and prices:
  • Feb 13, 2026: 465 shares disposed at $293.68 — $136,561 (tax/price withholding).
  • Feb 17, 2026: exercised 10,657 options at $114.27 (acquisition cost ≈ $1,217,775).
  • Feb 17, 2026: sold 7,757 shares at $288.65 (≈ $2,239,050); 2,400 shares at $289.18 (≈ $694,043); 500 shares at $290.38 (≈ $145,189). Reported sale proceeds ≈ $3,078,282 (weighted averages; multiple-trade ranges noted).
• Shares owned after transaction: not explicitly reported in the summary provided (filing footnote notes 20 shares held jointly with spouse).
• Notable footnotes:
  • Multiple-trade weighted-average sale prices (ranges provided for each sale tranche).
  • One line confirms the exercised options are exercisable in equal installments on the first, second, and third anniversaries of the grant.
  • 20 shares are held jointly with the reporting person’s spouse.
• Filing timeliness: Form filed Feb 18, 2026 covering trades on Feb 13 and Feb 17; filing date is within the SEC two-business-day window (Feb 16 was a federal holiday).

Context

• This is an option exercise followed by immediate open-market sales of the acquired shares — a common way to cover exercise costs and taxes (often called a cashless exercise). The filing shows both the option exercise (derivative conversion) and the subsequent open-market sales.
• Such sales are routine insider liquidity events and do not necessarily signal investment conviction or lack thereof. The key actionable detail for investors is that no long-term buy was reported here — the exercised shares were sold the same day.