Sanchez Mariola 4

What Happened

• Mariola Sanchez (reported insider) had previously granted restricted stock units (RSUs) vest on Feb 17, 2026, resulting in conversion/exercise of 2,928 derivative units into shares. To cover tax withholding on the vesting, 802 shares were surrendered/disposed at $22.73 each for $18,229. In addition, on Feb 17, 2026 she was granted 6,269 RSUs and 6,269 performance-based RSUs (PSUs) — a total of 12,538 new unvested units (reported at target).
• Net immediate effect: after the tax-surrender of 802 shares, the vested conversion added 2,126 shares to her holdings. The 12,538 newly granted units are unvested and subject to future vesting/performance conditions.

Key Details

• Transaction date: February 17, 2026 (Form 4 filed Feb 19, 2026 — timely).
• Specifics: conversion/exercise of 2,928 derivative units (M); tax withholding surrender of 802 shares at $22.73 each = $18,229 (F); grants of 6,269 RSUs (A) and 6,269 PSUs (A, target units).
• PSUs: performance-based and reported at target; actual payout may range (per footnote) from 40% to 180% depending on multi-year performance metrics.
• Shares owned after transaction: not specified in the provided summary of the filing.
• Transaction codes explained: M = exercise/conversion of derivative (RSU/PSU), F = shares surrendered for tax withholding, A = grant/award.

Context

• This was largely a routine vesting and company compensation event, not an open-market purchase or voluntary sale (other than the tax withholding surrender). The grants (RSUs and PSUs) are unvested awards intended as compensation; PSUs’ final share payout depends on future performance metrics.