Smith Alan Leonard 4

What Happened
Alan Leonard Smith, CHRO of Invesco Ltd. (IVZ), received equity awards and completed a conversion of derivative awards on Feb 28, 2026. The filing shows a conversion/exercise of 8,936 derivative units and a new award of 32,202 restricted stock units (RSUs) — a total of 41,138 RSU units granted/converted. To satisfy tax withholding, 4,014 shares were surrendered/disposed at $26.26 per share for a value of $105,408. The RSU grants are compensation, not open-market purchases.

Key Details

• Transaction date: 2026-02-28; Form 4 filed 2026-03-03.
• Actions reported:
  • A: Grant/acquisition — 8,936 units (acquired/converted) and 32,202 RSUs (new award) at $0.00 reported price.
  • M: Exercise/conversion of derivative — 8,936 units converted (reported as disposed for derivative reporting).
  • F: Tax withholding — 4,014 shares disposed at $26.26 each, totaling $105,408.
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes:
  • F1: Each RSU equals a contingent right to one common share of Invesco Ltd.
  • F2: RSUs vest in three equal installments and expire upon termination of employment.
• Filing timeliness: filing date is 2026-03-03 for a 2026-02-28 transaction; no late-filing flag was provided here—check the SEC filing record for any timeliness notation.

Context
RSU grants are standard compensation and not a direct purchase signal — they represent future shares contingent on vesting. The conversion/exercise (M) reflects the derivative/RSU being settled into shares, and the F-code transaction is routine tax withholding (shares surrendered to cover tax obligations). These actions are typically administrative rather than an expressed buy/sell market sentiment.