Erdbruegger Dwight D 4

What Happened

• Dwight D. Erdbruegger, President of Cass Information Systems (CASS), was granted 1,747 shares (recorded as an acquisition) on Jan 26, 2026. The grant shows an acquisition price of $0 (a restricted/share award tied to performance).
• To satisfy tax obligations related to the award, 635 shares and 539 shares were disposed on the same date (reported as tax withholding/dispositions) at $44.25 per share, generating proceeds of $28,099 and $23,851 respectively — roughly $51,950 in total withheld.

Key Details

• Transaction date: January 26, 2026. Form 4 filed January 28, 2026 (filed within the normal 2-business-day window).
• Grant: 1,747 shares acquired @ $0.00 (award/vesting/performance-based).
• Withholding/dispositions: 635 shares @ $44.25 = $28,099 and 539 shares @ $44.25 = $23,851.
• Shares owned after the reported transactions: not specified in the supplied filing excerpt.
• Footnotes: F1 notes inclusion of restricted stock bonus shares subject to vesting and forfeiture; F2 states the shares were acquired upon satisfaction of applicable performance conditions.
• Transaction codes: A = award/grant (acquisition); F = payment of exercise price or tax liability (shares withheld/sold for taxes).

Context

• This was primarily an equity award (acquisition of restricted, performance-based shares). The sale-like entries are tax withholding/dispositions to cover taxes — a routine administrative step rather than an open-market sale expressing sentiment.
• For retail investors: awards increase an insider's stake if and when they vest and any performance conditions are met; withheld shares to cover taxes are common and don't necessarily indicate the insider is reducing their long-term exposure.