Forbes Murray III 4

What Happened
Forbes Murray III, Chief Financial Officer of Westwood Holdings Group, received a grant of 11,098 shares (awarded at $0.00) and separately sold 2,859 shares in an open-market sale on February 23, 2026. The sale was executed at $16.22 per share for total proceeds of $46,373. The award is an acquisition (compensation/ grant) rather than an open-market purchase.

Key Details

• Transaction date: February 23, 2026
  • Award (A): 11,098 shares @ $0.00 (acquired)
  • Sale (S): 2,859 shares @ $16.22 (disposed) — proceeds $46,373
• Shares owned after transaction: not specified in the filing
• Footnote: F1 — Form 4 filed late due to administrative matters related to the filer’s EDGAR Next registration
• Timeliness: Filing was late relative to the two-business-day reporting deadline (transactionTimeliness = L)

Context

• The award (A) reflects a grant of shares, typically part of compensation; it is not a cash purchase and can be a neutral or positive signal depending on company policy.
• The sale was an open-market disposition. Sales by insiders can be routine (taxes, diversification, compensation needs) and do not by themselves indicate the insider’s view of the company’s prospects.
• No option exercises, tax-withholding shares, 10% owner status, or 10b5-1 plan were reported in this filing.