HUDSON SCOTT A 4

What Happened Scott A. Hudson, EVP and President of Vistra Retail, was granted 6,106 restricted stock units (RSUs) on March 5, 2026. As part of the vesting/settlement, 2,838 shares were withheld by the company to satisfy tax withholding obligations at $167.40 per share, a withholding value of approximately $475,081. The grant itself shows $0 acquisition price (standard for RSUs).

Key Details

• Transaction dates: March 5, 2026 (grant and tax-withholding).
• Grant: 6,106 RSUs (transaction code A) — $0 acquisition price shown.
• Withholding: 2,838 shares withheld (transaction code F) at $167.40 = $475,081 disposed.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: (F1) Grant approved by the Issuer's Social Responsibility and Compensation Committee on Feb 18, 2026. (F2) The 2,838-share disposition represents issuer withholding to pay taxes upon vesting; timing/amount determined by award terms.
• Filing: Form 4 filed Mar 9, 2026 for the Mar 5, 2026 transactions; this filing date is within the standard two-business-day window and appears timely.

Context This was an equity award (RSUs) with routine company withholding to cover tax liabilities — a common administrative transaction rather than an open-market sale or purchase signal. The grant increases the insider's granted equity exposure, while the withheld shares reduce the net shares delivered to the insider to satisfy taxes. Such withholding transactions typically reflect award settlement mechanics, not a discretionary sale by the insider.