Schwar Stephen 4

What Happened

• Stephen Schwar, Vice Chair of Carlisle Companies (CSL), exercised stock options and sold shares on Feb 12, 2026. He exercised 1,500 options at $108.72 per share (cost $163,080) and completed open-market sales of 1,500 shares at $417.16 ($625,740) and 4,549 shares at $417.42 ($1,898,844). Total reported sale proceeds ≈ $2,524,584.
• The filing also shows a second exercise/conversion line for 1,500 shares reported as "Disposed" with N/A price — reported as a derivative transaction on the Form 4.

Key Details

• Transaction date: 2026-02-12; Form 4 filed 2026-02-13 (appears timely).
• Sales: 1,500 shares @ $417.16 = $625,740; 4,549 shares @ $417.42 = $1,898,844. Total sold = 6,049 shares; total proceeds ≈ $2,524,584.
• Exercise: 1,500 shares exercised @ $108.72 = $163,080 cash paid to acquire shares (footnote F2: exercise of a derivative security).
• Footnote F1: the underlying option vested in three equal annual installments beginning Feb 6, 2019.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• No indication in the filing that this was a late report.

Context

• Because Schwar exercised options and sold shares on the same day, this resembles a cashless exercise (exercise followed by immediate sale) — a common way to cover the exercise cost and tax withholding. The Form 4 line showing 1,500 shares "Disposed" with N/A price often reflects shares applied to satisfy withholding or broker settlement; the filing’s footnotes identify the activity as an option exercise.
• These transactions are sales by an insider (typically considered routine); purchases generally carry more weight as signals of insider confidence. The report is factual and does not indicate motivation.