Mataac Lara 4

What Happened
Mataac Lara, General Counsel of OneSpan Inc. (OSPN), was credited with 8,077 performance stock units (PSUs) on February 17, 2026. The reported acquisition is a derivative award (price reported $0.00) — these PSUs are a contingent right to receive shares if vesting and service conditions are met. This is a compensation award, not an open-market purchase or sale.

Key Details

• Transaction date: February 17, 2026; Form 4 filed February 20, 2026. The filing date is three days after the transaction and appears to miss the two-business-day Form 4 deadline.
• Transaction type/amount: Award/Acquisition (A) of 8,077 PSUs; reported price $0.00 (derivative award).
• Vesting schedule: The Compensation Committee determined the PSUs were earned based on 2025 financial metrics. Vesting: 1/3 on March 4, 2026, 1/3 on December 31, 2026, and 1/3 on December 31, 2027, subject to continued employment.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: Each restricted stock unit equals a right to one share; these PSUs were originally granted March 4, 2025 and became earned based on 2025 performance metrics.

Context
This is a performance-based equity award (compensation) rather than a market purchase or sale, so it reflects pay tied to company performance rather than a direct trading signal. The PSUs will convert into shares over time if vesting conditions and continued employment are met. The late filing note is procedural — it does not change the economic nature of the award but may be of interest to compliance-minded investors.