Huckins Scott E. 4

What Happened

• On Feb 1, 2026, Scott E. Huckins (President, CEO and Director) had multiple derivative conversions/exercises and awards reported. He converted/exercised 40,909 derivative units (7,708 + 9,055 + 24,146). He was also granted 189,908 restricted stock units (RSUs) in two awards (63,020 and 126,888 RSUs).
• To satisfy tax withholding on vested RSUs, 17,276 shares were withheld (3,301 + 3,812 + 10,163) at $23.17 per share, generating $400,285 in withholding. Several of the entries show $0.00 for the derivative conversions/settlements, indicating these were equity-settled/derivative transactions rather than open-market purchases or cash sales.

Key Details

• Transaction date(s): February 1, 2026. Form filed: February 3, 2026 (timely).
• Tax-withheld shares: 17,276 shares withheld at $23.17 = $400,285. Transaction codes: M = exercise/conversion of derivative, A = grant/award, F = payment of exercise price or tax liability (share withholding).
• Grants: 63,020 and 126,888 RSUs (total 189,908 RSUs). Per footnote, some PSUs were converted to RSUs based on 2025 performance (see F3) and certain RSUs vest on future dates (e.g., vesting schedules include Feb 1, 2026–2028 and installment vesting; see filing footnotes F3–F9).
• Shares owned after the transactions: not specified in the filing.
• Filing timeliness: filed within a normal 2-business-day window after the Feb 1 transactions.

Context

• These transactions are largely compensation-related (awarded RSUs and conversion of previously granted performance units), not open-market buys or sales by the insider. The share withholding to cover taxes is a common, routine practice and does not indicate an open-market disposition.
• For retail investors: awards and conversions signal executive compensation realization and future vesting schedules—useful for understanding potential future share overhang, but they are not the same signal as an insider buying or selling stock in the open market.