Valdez Gloria L 4

What Happened
Gloria L. Valdez, a director of ESCO Technologies, converted 197 restricted stock units (RSUs) into 197 underlying shares on May 1, 2026 (exercise/conversion of derivative, code M) at an implied price of $326.96 per share (total value $64,411). The filing also reports dispositions: a derivative disposition of 197 shares (same value) and a disposition to the issuer of 106.46 shares at $326.96 each for $34,808. The surrender to the issuer appears to be a cash settlement of a portion of the RSUs (commonly used to cover tax withholding).

Key Details

• Transaction date: 2026-05-01; filing date: 2026-05-04 (timely).
• Prices and values: 197 shares at $326.96 = $64,411; 106.46 shares at $326.96 = $34,808.
• Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer.
• Footnotes: F1–F4 indicate these were RSU conversions from awards issued in 2020, with scheduled installments (some distributable as stock, some as cash); F3 confirms disposition to issuer was for cash at the NYSE closing price.
• Shares owned after the transaction: not provided in the summary data.
• Other: Power of Attorney on file (remark in filing).

Context
This was not an open-market buy or sell; it reflects conversion of previously granted RSUs and a partial cash settlement (surrender of shares) to cover tax or payout elections. Such RSU conversions and cash-withholding dispositions are routine and do not by themselves indicate a change in the director’s market view.