Capital One (COF) President Jason Hanson Exercises RSUs, 1,121 Net

What Happened
Jason P. Hanson, President — Global Payment Network at Capital One (COF), had 2,014 restricted stock units (RSUs convert one-for-one to common stock) convert into common shares on August 1, 2026. The company withheld 893 of those shares to satisfy tax withholding at $209.01 per share (total $186,646), leaving Hanson with a net 1,121 shares. There was no cash exercise price (RSUs, not option exercise).

Key Details

• Transaction date: 2026-08-01; Form 4 filed 2026-08-04 (covers the Aug 1 vesting).
• Shares converted/issued: 2,014 RSUs converted into common stock.
• Shares withheld for taxes (disposed): 893 shares at $209.01/share for $186,646.
• Net shares delivered to insider: 1,121 shares (2,014 − 893).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Relevant footnotes:
  • F1/F3: RSUs convert one-for-one to common stock; these RSUs reflect awards that were converted from Discover Financial Services RSU awards into Capital One RSUs.
  • F2: The 893-share withholding was authorized by the restricted stock award agreement to satisfy tax obligations.
  • F4/F5: The RSUs vest schedule noted annual installments beginning 08/01/2025; filing notes an administrative correction and that the RSU vested in full.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld to pay taxes (routine).

Context
This was a vesting/conversion of RSUs with company-authorized share withholding to pay taxes — a routine, non-market sale that does not necessarily indicate a change in insider sentiment. There was no cash paid for exercise (exercise price $0) and no open-market sale of the net shares reported here.