Swisher Chet Hogan 4

What Happened

• Swisher Chet Hogan, Senior Vice President, had 914 restricted stock units (RSUs) vest on Feb 12, 2026. The RSUs converted into 914 common shares (reported as derivative conversion/exercise, code M) with no purchase price ($0.00 per share). To cover tax withholding, 304 shares were surrendered (code F) at an implied value of $163.12 per share, totaling $49,588. The net increase to his holdings from this vesting event was 610 shares.

Key Details

• Transaction date: February 12, 2026.
• Conversions/acquisitions: 914 shares (derivative conversion/exercise, code M) @ $0.00.
• Tax withholding: 304 shares disposed (code F) @ $163.12 = $49,588.
• Net shares added: 914 − 304 = 610 shares.
• Footnotes: F1 — insider participates in a dividend reinvestment plan; beneficial ownership adjusted accordingly. F2 — RSUs vested per the award agreement on Feb 12, 2026, subject to service requirements.
• Filing: Report filed Feb 17, 2026 (no late filing indicated based on provided dates).
• No open-market sale of shares was reported; the disposal was for tax withholding (not a sale for cash).

Context

• This was a routine equity compensation vesting (RSU conversion) rather than a purchase or an open-market sale. The tax obligation was satisfied by withholding shares (a common net-settlement method), so there was no cash paid by the insider to acquire the vested shares. Footnotes note dividend reinvestment adjustments and that the RSUs vested per the award terms.