Porter John Dean 4

What Happened Porter John Dean (EVP & CFO) was granted 23,581 restricted stock units (RSUs) reported as a derivative acquisition on Feb 18, 2026. The Form 4 records the acquisition at $0.00 (award/grant), so no cash was paid; these units are compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely — within the usual 2-business-day requirement).
• Transaction type: Award/Grant (Form 4 code A); instrument: performance-based restricted stock units (derivative).
• Amount granted: 23,581 RSUs; reported price: $0.00; reported current dollar value on the form: $0 (units not settled).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes:
  • F1: Vesting and payout depend on certification and performance metrics — return on capital employed and available funds from operations per share (50% weight each), with a relative total shareholder return modifier up to ±25%. Final payout may range from 0% to 200% of the awarded units.
  • F2: These units reflect an upward adjustment to a 2023 performance-based RSU award due to performance above target.
• No sale, purchase, tax-withholding, or cashless exercise was reported in this filing.

Context This is a compensation award of performance-based RSUs, meaning the actual number of shares that eventually vest (and their cash/stock value) will depend on future performance metrics and the company’s stock price. Such grants are routine for executives and do not represent an open-market bet by the insider. The F2 note indicates this grant reflects better-than-target performance on a prior award.