DAVIS RICHARD K 4

What Happened
Richard K. Davis, a director of DOW INC. (DOW), received an award of 5,127 restricted stock units (RSUs) reported on Apr 9, 2026. The grant is reported at a $0 acquisition price (typical for time‑vested awards); the filing shows total value as $0 because these are RSUs, not a cash purchase.

Key Details

• Transaction date: April 9, 2026 — Grant/award (transaction code A).
• Shares/units reported: 5,127 RSUs acquired; reported acquisition price: $0.00; reported total value: $0.
• Settlement: Footnote F1 states these time‑vested RSUs will be settled in one installment of common stock following the reporting person’s separation.
• Aggregation: Footnote F2 notes totals include previously reported RSUs.
• Shares owned after transaction: Not specified in this filing.
• Filing date: Form 4 filed April 13, 2026 (reporting the April 9 transaction).

Context
RSUs are awards that convert to shares when they vest or are settled; they are not an open‑market purchase or sale and therefore do not directly signal a buy/sell decision. Here, settlement is delayed until the director’s separation and will be paid in shares in a single installment per the footnote. This transaction is routine compensation disclosure for a director rather than an immediate market trade.