Resch Martin H. 4

What Happened

• Martin H. Resch, President & CEO of Cass Information Systems (CASS), was granted 1,975 shares as an award on 2026-04-20 (reported as an acquisition, code A, $0 value) related to performance-based awards. To cover tax obligations, 894 shares and 830 shares were surrendered (code F) at $48.54 per share, generating proceeds of $43,395 and $40,288 respectively (total surrendered value ≈ $83,683). Net effect: 1,975 shares were issued and 1,724 shares were withheld — a net increase of 251 shares.

Key Details

• Transaction date: 2026-04-20; Filing date: 2026-04-22 (filed within the standard Form 4 timeframe).
• Prices and values: withheld shares at $48.54 each; withheld totals $43,395 and $40,288; awarded shares recorded at $0 (grant).
• Shares owned after transaction: not provided in the details supplied here (post-transaction holdings not stated).
• Footnotes: the surrendered shares include restricted stock/bonus shares subject to vesting/forfeiture (F1). The awarded shares were issued upon satisfaction of performance conditions (F2).
• Transaction codes: A = grant/award; F = payment of exercise price or tax liability (tax withholding via share surrender).

Context

• This was an award vesting/performance payout combined with tax-withholding via share surrender — a common administrative step that raises the insider’s earned equity while simultaneously satisfying tax obligations. Such tax-withholding disposals are routine and do not necessarily signal buying or selling intent; the net result here was a modest increase of 251 shares for the CEO.