Schladen James 4

What Happened
James Schladen, President of Arcadia (a DMC Global unit), had 8,053 shares withheld on 2026-02-03 to satisfy tax obligations tied to the vesting of an award. The withholding was reported as a disposition at $8.54 per share, totaling approximately $68,773. This was a tax-withholding transaction (code F), not an open-market sale or a purchase.

Key Details

• Transaction date: 2026-02-03; Filing date: 2026-02-04 (timely Form 4 filing).
• Shares withheld/disposed: 8,053 at $8.54 each; total value ≈ $68,773.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: F1 — withholding of shares to satisfy tax obligations upon vesting of the underlying award.
• Transaction type: Tax withholding (code F), not a buy (P) or sale (S) in the open market.

Context
Withholding shares to cover taxes is a common, routine administrative step when restricted stock or similar awards vest; it should not be interpreted as a directional bet by the insider. This was effectively a cashless way to pay tax obligations on vested shares rather than an executed sale to a third party.