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DOVER Corp·4

Feb 18, 6:15 PM ET

Cabrera Ivonne M 4

Research Summary

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Updated

Dover (DOV) SVP Ivonne Cabrera Sells Shares, Receives Awards

What Happened
Ivonne M. Cabrera, Dover’s Senior Vice President, General Counsel & Secretary, recorded both sales and equity awards. She sold a total of 5,221 shares (1,221 shares surrendered for tax withholding and 4,000 shares sold in the open market) for a combined proceeds of about $1,215,732. At the same time she received awards totaling 19,791 contingent shares (restricted stock units and performance-share settlement).

Key Details

  • Transactions and dates:
    • 2026-02-13: Grant of 1,727 RSUs (award) and 2,714 RSUs (award) — reported price $0.00 (awards).
    • 2026-02-13: Settlement/withholding (F) — 1,221 shares disposed at $231.63 to cover tax liability; proceeds reported $282,820.
    • 2026-02-13: Grant (derivative) — 15,350 performance-contingent shares (reported as award at $0.00).
    • 2026-02-17: Open-market sale (S) — 4,000 shares disposed; weighted-average price $233.23 (sales ranged $233.21–$233.35); proceeds $932,912.
  • Total disposed: 5,221 shares for ~$1,215,732. Total awards: 19,791 contingent/unvested shares.
  • Vesting/conditions:
    • RSUs vest in three annual installments beginning March 15, 2027 (Footnote F1).
    • The 15,350 shares reflect settlement of performance shares tied to Dover’s relative total shareholder return for the three-year period ended Dec 31, 2025 (Footnote F3).
  • Beneficial ownership note: Filing states 4,972 unvested RSUs are included in beneficial ownership (Footnote F2).
  • Filing/timeliness: Form 4 filed 2026-02-18 reporting transactions on Feb 13 and Feb 17; filing appears to be timely.

Context

  • The 1,221-share disposition is coded “F” (payment of exercise price or tax liability), meaning shares were surrendered to cover withholding taxes rather than sold for cash proceeds to the holder.
  • Awards shown at $0.00 are grants (RSUs or performance shares) and are contingent/unvested; they do not equal immediate cash or freely tradable shares until vesting/settlement conditions are met.
  • This filing shows routine tax-withholding and an open-market sale alongside company equity awards; it is factual disclosure and does not, by itself, indicate insider sentiment.