Thompson Patrick Ryan 4

What Happened

• Patrick Ryan (reporting person / insider) was granted a total of 338,950 equity awards on March 15, 2026: 254,200 restricted stock units (RSUs) and 84,750 performance-based RSUs (PRSUs). The awards were reported as acquisitions at $0.00 (no cash paid). These are grants, not open-market purchases or sales.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026 (filed within the typical 2-business-day window).
• Award amounts and reported value: 254,200 RSUs @ $0.00; 84,750 PRSUs (derivative) @ $0.00 — total 338,950 units.
• Shares owned after transaction: not specified in this filing.
• Vesting and performance notes:
  • RSUs (254,200): one-sixteenth vests May 15, 2026, then quarterly vesting over the following four years, subject to continued employment.
  • PRSUs (84,750): performance measured separately for fiscal 2026–2028; one-third of the PRSUs tied to each fiscal year with threshold/target/max resulting in 50%/100%/200% of target vesting for that year. Any PRSUs earned for a performance period remain subject to continued service-based vesting through the end of the three-year period. If approved by the Compensation Committee as earned, PRSUs will settle on March 15, 2029.
• No indication of a 10b5-1 plan, tax withholding sale, or late filing in this report.

Context

• These grants are compensation awards: RSUs convert to shares only upon vesting; PRSUs convert only if performance goals are met and service conditions satisfied. Such awards are common executive compensation and do not represent a personal cash purchase or sale. If/when RSUs/PRSUs vest and settle, they may result in share issuance (dilution) and potential insider sales later, but this filing only reports the grant.