Beneteau Lesley 4

What Happened

• Lesley Beneteau, Senior Vice President and CHRO of Veralto (VLTO), exercised 7,004 stock options on 2026-02-24. The exercise is reported as 7,004 shares acquired at $22.01 per share (total $154,158).
• To cover the exercise price and/or tax liability, 3,503 shares were surrendered/withheld (two entries: 421 shares at $93.65 = $39,427 and 3,082 shares at $93.65 = $288,629), totaling $328,056 in share dispositions. The filing also records the derivative conversion of 7,004 option shares (reported at $0), consistent with an option exercise/settlement.
• This transaction is an option exercise (routine insider liquidity/compensation event) rather than an open-market purchase or sale for investment purposes.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (appears filed within the typical 2-business-day window for Form 4s).
• Exercise: 7,004 shares acquired at $22.01 each = $154,158.
• Withholding/disposition for taxes or exercise payment: 3,503 shares disposed at $93.65 each = $328,056 (split as 421 and 3,082 shares).
• Footnote: F1 — these were automatically exercised stock options that were fully vested.
• Shares owned after the transaction: not specified in the provided filing data.

Context

• This was a standard option exercise with shares withheld to satisfy tax obligations/exercise costs (a common "cashless" or net settlement method). The filing does not indicate an open-market buy or a change in broad ownership intent—just conversion of vested options into shares with part surrendered for payment/withholding.
• For retail investors: option exercises are routine for insiders receiving compensation; they don’t necessarily signal a buy or sell opinion on the stock.