Iafigliola Carlos 4

What Happened Carlos Iafigliola (reporting insider) had 2,307 restricted stock units (RSUs) convert into 2,307 shares on February 18, 2026 (reported as a derivative exercise, code M). To satisfy the tax withholding obligation on the vesting, 562 of those shares were surrendered/disposed at $22.38 per share, totaling about $12,578 (code F). The RSU conversion shows an $0 exercise price because RSUs convert to shares upon vesting rather than requiring a cash exercise payment.

Key Details

• Transaction date: February 18, 2026. Form filed Feb 20, 2026 (timely within the usual 2-business-day window).
• Exercise/Conversion: 2,307 RSUs → 2,307 shares (reported as M, $0 exercise price).
• Tax withholding: 562 shares surrendered at $22.38 each, proceeds ≈ $12,578 (reported as F).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 clarifies each RSU equals one share; F2 confirms the 562 shares were surrendered to cover withholding; F3 notes the original grant was 6,921 RSUs awarded Feb 18, 2025 vesting in three roughly equal annual installments.

Context This was primarily a vesting/conversion of RSUs with a routine share surrender to satisfy tax withholding—common practice and not an open-market sell indicating a trading view. The conversion of RSUs (derivative exercise) and the withholding disposition are procedural rather than a discretionary market purchase or sale.