Madero Garza Jose Manuel 4

What Happened

• Jose Manuel Madero Garza (Director) had 1,114 restricted stock units (RSUs) vest and convert into common shares on July 10, 2026. Of those, 311 shares were withheld to satisfy tax withholding at $134.06 per share (total withholding $41,693), leaving a net delivery of 803 shares to the director.
• The filing shows the conversion/exercise of derivative securities (code M) for 1,114 shares (acquired) and a related withholding/disposition (code F) of 311 shares to cover taxes. This is an award/vesting event rather than an open-market purchase or a discretionary sale.

Key Details

• Transaction date: 2026-07-10; Form 4 filed: 2026-07-14 (filed within the usual two-business-day deadline).
• RSUs converted: 1,114; shares withheld for taxes: 311 at $134.06 each (withholding value $41,693); net shares delivered: 803.
• Reported transaction codes: M = exercise/conversion of derivative (RSU vesting); F = shares withheld to pay tax liability.
• Footnotes: F1—each RSU equals one share of Class A common stock; F2—RSUs vested on the date specified and vested shares delivered net of any shares withheld for taxes.
• Shares owned after the transaction are not disclosed in the provided excerpt.

Context

• This was a routine vesting of RSUs with automatic withholding for tax obligations (common practice). The director did not execute an open-market sale of these vested shares as part of this transaction—only the withholding disposition occurred to cover taxes.
• Such award/vesting entries are typically administrative and do not by themselves indicate a change in insider sentiment.