Reasoner Cleveland O III 4

What Happened

• Cleveland O. Reasoner, SVP & Chief Nuclear Officer at Evergy, received awards and converted vested restricted stock units on March 1, 2026. The filing shows 11,256 shares issued in settlement of performance shares and conversion/vesting that produced 4,009 common shares (the 4,009 figure reflects 3,526 vested RSUs plus reinvested dividends). In addition, Reasoner was granted 3,841 restricted stock units that vest in the future.
• To cover tax withholding, Reasoner relinquished 2,675 shares related to the performance-share settlement and 1,778 shares related to RSU vesting (total 4,453 shares), at a withholding price of $83.66/share, totaling $372,538. Overall, 15,265 common shares were issued/converted and 4,453 were withheld, a net increase of 10,812 shares to his beneficial position (ownership after the transaction not specified in the excerpt).
• These were awards and vesting events (not open-market purchases or sales). The withholding transfers are routine tax-withholding actions, not discretionary sales.

Key Details

• Transaction date(s): March 1, 2026; Form 4 filed March 3, 2026 (timely filing).
• Prices / values: Withheld shares at $83.66 each; withholding proceeds ≈ $223,791 (2,675 shares) and $148,747 (1,778 shares), total ≈ $372,538.
• Share counts: 11,256 shares issued in settlement of performance shares; 4,009 shares resulted from RSU vesting/convert (reflects 3,526 RSUs + reinvested dividends); 3,841 RSUs granted (subject to future vesting).
• Net change: 15,265 shares issued/converted less 4,453 withheld = net +10,812 shares (beneficial holdings after transaction not provided).
• Transaction codes: A = award/grant; M = exercise/conversion of derivative (RSU conversion); F = shares relinquished for tax withholding.
• Notable footnotes: F1–F6 explain that (i) performance shares were settled in common stock, (ii) certain shares were relinquished to Evergy to satisfy withholding, (iii) 3,526 RSUs vested (plus reinvested dividends), (iv) RSUs convert one-for-one to stock, and (v) remaining RSUs have scheduled future vesting (4,510 on 3/1/2027; 4,277 on 3/1/2028; 2,762 on 10/7/2028; 3,841 on 3/1/2029).
• Filing timeliness: Filed within the expected Form 4 window (no late filing flag noted).

Context

• These transactions are compensation-related (awards and RSU vesting). Shares surrendered to the company were withheld to cover tax liabilities — a routine, administrative step rather than a market sale for cash.
• For retail investors: awards and tax-withholdings are common and do not necessarily indicate the insider’s view of the company’s stock. Purchases (insider buys) are generally more directly interpreted as bullish signals.