Schuckman Matthew Steven 4

What Happened

• Matthew Steven Schuckman, Executive Vice President of Cass Information Systems (CASS), was granted 1,484 shares as an award (acquired at $0.00) upon satisfaction of performance conditions. To cover tax obligations tied to the award, 1,057 shares were disposed/withheld (payment of tax liability) at $44.25 per share — 548 shares for $24,249 and 509 shares for $22,523, totaling $46,772. This is an award/vesting event, not a market purchase.

Key Details

• Transaction date: 2026-01-26; Form 4 filed: 2026-01-28 (appears timely).
• Award: 1,484 shares acquired at $0.00 (performance-based/restricted stock).
• Tax withholding/disposals: 548 shares @ $44.25 = $24,249 and 509 shares @ $44.25 = $22,523 (combined $46,772).
• Shares owned after transaction: Not stated in the provided filing details.
• Footnotes: Shares include restricted stock bonus shares subject to vesting and forfeiture; the 1,484 shares were acquired upon satisfaction of applicable performance conditions.
• Transaction codes: A = award/grant; F = payment of exercise price or tax liability (here used for tax withholding/share surrender rather than an open-market sale).

Context

• This filing reflects a compensation/vesting event (performance-based restricted stock) with shares withheld/surrendered to satisfy tax obligations. That withholding is a routine administrative step and does not necessarily indicate an insider selling shares on the open market for investment reasons.