Singh Ajay 4

What Happened Ajay Singh, Everpure’s Chief Product Officer, was granted/recorded the acquisition of 180,156 shares on March 10, 2026, reported on a Form 4 filed March 12, 2026. The transaction is coded as an award/grant (A); the shares are reported at $0.00 because they are to be issued upon vesting of a performance-based restricted stock unit (PRSU) tied to FY2026 results.

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026.
• Transaction type/code: Award/Grant (A) — PRSU award.
• Shares involved: 180,156 shares; reported acquisition price: $0.00 (shares issued upon vesting).
• Vesting schedule (per footnote): Committee determined performance achievement on March 10, 2026; 1/3 of the PRSU will vest on March 20, 2026; remaining shares vest in equal quarterly installments over the next two years, subject to continuous service.
• Shares owned after transaction: Not specified in the supplied filing.
• Notable footnote: Issuance authorized by Compensation & Talent Committee based on FY2026 performance goals; vesting contingent on continued service.

Context This is a compensation award (PRSU) tied to company performance, not an open-market purchase or sale. The $0.00 acquisition price reflects that shares will be issued upon vesting rather than bought. Such grants are common executive compensation tools to align pay with performance; they do not by themselves indicate the insider is buying or selling stock in the market.