SMITH DAVID W 4

What Happened

• David W. Smith, Vice President — Sustainability at Carlisle Companies (CSL), exercised stock options to acquire 1,800 shares (1,020 + 780) and sold those shares in the open market the same day. He paid $422,468 to exercise (1,020 @ $222.35 = $226,797; 780 @ $250.86 = $195,671) and received $745,290 from the sales (1,020 @ $414.05 = $422,331; 780 @ $414.05 = $322,959). The transactions occurred on Feb 10, 2026. Net proceeds before taxes/fees were about $322,822.
• These transactions are recorded as option exercises (transaction code M) followed by open-market sales (transaction code S), indicating a cashless exercise and immediate sale of the acquired shares.

Key Details

• Transaction date: 2026-02-10. Sale price: $414.05 per share. Exercise prices: $222.35 and $250.86.
• Shares involved: 1,020 and 780 (total 1,800). Total sale proceeds: $745,290. Total exercise cost: $422,468. Approximate net proceeds: $322,822.
• Shares owned after the transactions: not specified in the filing.
• Footnotes: F1 and F3 note the options vested in three equal annual installments beginning Feb 8, 2023 and Jan 31, 2024, respectively. F2 indicates these transactions are exercises of derivative securities.
• Filing timeliness: Reported on 2026-02-11 for transactions on 2026-02-10 (appears timely).

Context

• Because the exercised shares were sold the same day, this functions like a cashless exercise—executive exercises options and immediately monetizes the shares rather than holding them.
• These entries are routine insider option exercises and sales; they document personal liquidity events rather than company transfers or gifts.