Invesco (IVZ) Senior MD Stephanie Butcher Receives RSU Award; Shares Withheld

What Happened

• Stephanie Butcher, Senior Managing Director at Invesco Ltd. (IVZ), received three Restricted Stock Unit (RSU) awards totaling 65,442 RSUs on 2026-08-31. The RSUs converted to common shares (exercise/conversion of derivative, code M) and 30,760 shares were withheld to cover tax liabilities (code F) at $32.78 per share, generating cash proceeds used for tax withholding of $1,008,314. The awards themselves were recorded at $0 acquisition price (code A) because RSUs are granted, not purchased.
• Net delivered shares after withholding: 34,682 shares (65,442 granted − 30,760 withheld). These transactions are award/vesting and tax-withholding events — not open-market purchases or sales by the insider.

Key Details

• Transaction date: 2026-08-31; Filing date: 2026-09-02 (appears timely).
• Grant details: 3 RSU grants totaling 65,442 RSUs (codes A and M for award and conversion).
• Tax withholding: 30,760 shares withheld (codes F) at $32.78/share for a total of $1,008,314.
• Net shares received: 34,682 common shares after withholding.
• Footnotes: F1 — Each RSU represents a contingent right to one common share. F2 — RSUs vest in four equal installments and expire upon termination of employment.
• Shares owned after the transaction: not specified in the filing.

Context

• These entries reflect RSU vesting/conversion and share withholding to satisfy tax obligations (a common administrative step), not an open-market sale or purchase decision by the insider.
• Code summary: A = award/grant, M = exercise/conversion of derivative (RSU conversion), F = payment of exercise price/tax liability (share withholding).
• Such awards are routine compensation-related events and should be interpreted as grant/vesting activity rather than a direct signal of the insider’s market view.