Moran James M 4

What Happened

• James M. Moran, VP & Treasurer of Dover Corp (DOV), was granted a mix of restricted stock units and received a settlement of performance shares on Feb 13, 2026 totaling 2,531 shares (194 + 610 + 1,727). These awards were reported as acquisitions at $0.00 (awards/derivative). Separately, 179 shares were disposed of to satisfy tax withholding obligations at $231.63 per share, for a cash value of $41,462.

Key Details

• Transaction date: Feb 13, 2026; Form 4 filed Feb 18, 2026 (filed five days after the transactions and appears late relative to the typical 2-business-day Form 4 deadline).
• Awards granted/received: 194 RSUs, 610 RSUs, and 1,727 performance-based shares (total 2,531 shares), reported as acquisitions at $0.00.
• Tax withholding: 179 shares disposed at $231.63/share, total $41,462 (transaction code F = payment of exercise price or tax liability).
• Vesting/settlement notes: RSUs vest in three annual installments beginning March 15, 2027; performance shares were settled based on Dover’s relative total shareholder return for the three-year period ended Dec 31, 2025.
• Beneficial ownership note: filing states 702 unvested RSUs are included in the reported beneficial ownership figure.

Context

• These transactions are largely award-based (not open-market purchases or voluntary sales). The awards are contingent/subject to vesting (RSUs) or performance conditions (performance shares), so they do not represent immediate purchases of vested shares available for sale. The 179-share disposition was a routine tax-withholding action to satisfy tax liabilities tied to the awards.