Larroque Alexander Lisa 4

What Happened

• Lisa Larroque (Director) converted/converted derivative awards and received a new restricted stock unit grant. On 2026-06-10 the filing reports 533 shares acquired via exercise/conversion of a derivative at $0.00 (total $0). The same date shows 530 shares reported as a derivative disposition at $0.00 (total $0). Also on 2026-06-10 she was granted Time-Based Restricted Stock Units (TRSUs) covering 189 shares (no cash price reported).

Key Details

• Transaction date: 2026-06-10; Form 4 filed: 2026-06-12 (timely within the two-business-day reporting window).
• Reported prices: $0.00 per share for the conversion/exercise and the derivative disposition (total value $0 reported).
• New award: 189 TRSUs granted on 2026-06-10; vest fully on 2027-06-10 or on the date of the 2027 Annual Meeting, whichever is earlier (per footnote).
• Footnote: 530 shares became issuable on 2026-06-10 pursuant to a one-year vesting schedule for TRSUs awarded 2025-06-17 and are adjusted for dividends.
• Shares owned after the transaction are not specified in the provided filing.

Context

• Code M indicates an exercise or conversion of a derivative security (here, TRSUs converting into common shares). This was not an open-market buy or sale but a standard vesting/conversion and a new equity award tied to service; such transactions are routine compensation events rather than direct market bets by the insider.