Saavedra Jennifer D. 4

What Happened Jennifer D. Saavedra, Chief Human Resources Officer at Dell Technologies (DELL), received a net delivery of 77,312 shares from performance-based restricted stock units (RSUs) certified as earned on March 15, 2026 (gross 125,859 shares, net after withholding). Simultaneously, 7,835 shares were withheld/disposed to cover tax liabilities at a reported price of $151.62 per share, generating proceeds of $1,187,943. The 77,312 shares were recorded as acquired at $0.00 (award vesting).

Key Details

• Transaction dates: March 15, 2026 (reported on Form 4 filed March 17, 2026). No late filing is indicated in the provided data.
• Sale/withholding: 7,835 shares disposed at $151.62 — proceeds $1,187,943 (tax withholding).
• Award/acquisition: 77,312 shares acquired at $0.00 (net of 48,547 shares withheld for taxes from a gross 125,859 performance RSU award). Implied market value of the net shares at $151.62 ≈ $11.7M.
• Footnotes: F1 = 7,835 shares withheld by issuer to pay tax liability from partial vesting of RSUs granted March 15, 2023/2024/2025. F2 = 125,859 performance RSUs certified as earned, net of 48,547 shares withheld for taxes; vesting occurred upon certification.
• Shares owned after transaction: not disclosed in the provided filing details.

Context This filing reflects routine RSU vesting and tax-withholding mechanics rather than an open-market buy or sell motivated by opinion on the stock. The performance RSUs were certified and vested (F2); part of the award was withheld to satisfy tax obligations, and an additional tranche of shares was disposed to cover taxes on other vesting events. Such internal withholding and disposals are common when equity awards vest.