Castagnino Daniela 4

What Happened
Director Daniela Castagnino was granted 1,969 deferred stock units (DSUs) on 2026-05-26, priced at $20.32 each, with a reported grant value of $40,010. This is an award (transaction code A) of unvested DSUs rather than an open‑market purchase of shares.

Key Details

• Transaction date and price: 2026-05-26, 1,969 DSUs at $20.32 each (total $40,010).
• Shares/units held after the transaction: per the filing, Castagnino holds 4,775 unvested DSUs and 10,200 vested DSUs (see footnote F2).
• Vesting/settlement (footnote F1): the DSUs become fully vested on the one‑year anniversary of the grant; they will be settled in shares on the earlier of (i) the five‑year anniversary of the grant, (ii) the participant’s death, disability or separation from service, or (iii) a change of control. A participant may elect further deferral under Code Section 409A.
• Filing timeliness: Form 4 was filed on 2026-05-28 for a 2026-05-26 transaction (filed within the usual 2‑business‑day window).

Context
This transaction is an equity award to a director (compensation/retention), not an open‑market buy or sale, so it reflects standard director compensation rather than an immediate market signal. DSUs are documented as unvested and subject to specified vesting/settlement rules, so they do not represent immediately tradable shares.