Pool III James K 4

What Happened
James K. Pool III, listed as Chief Technology (CTO), had 4,130 performance-based restricted stock units (PSUs) vest on March 13, 2026 (award type A). To satisfy tax withholding related to the vesting, 1,626 of those shares were surrendered (disposition code F) at an implied price of $143.08 per share, representing cash withheld of $232,648. The vesting is an award/acquisition event rather than an open-market purchase or voluntary sale.

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-16). Filing appears timely.
• Award (A): 4,130 shares acquired upon vesting of performance-based PSUs (awarded Aug 9, 2023). Price: N/A (compensation vesting).
• Tax withholding (F): 1,626 shares surrendered at $143.08 per share, total value = $232,648 (disposed to cover tax liability).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1 confirms vesting of PSUs from Aug 9, 2023; F2 confirms shares surrendered to fund tax withholding.

Context
This was a standard equity-compensation vesting event. The surrender of shares to cover taxes is a withholding mechanism (cashless-like) and is routine; it should not be read as an intentional market sale expressing a view on the stock. The net increase in the insider's economic ownership equals the vested shares minus the withheld/surrendered shares.