Swisher Chet Hogan 4

What Happened

• Chet Hogan Swisher, Senior Vice President (sub), was granted three derivative awards on 2026-02-25 totaling 12,593 shares: 4,640; 774; and 7,179 shares. All were recorded at $0.00 as grants/awards (Form 4 code A). These are stock-based compensation awards (restricted stock units and an option), not open-market purchases or sales, and do not represent an immediate sale or cash proceeds.

Key Details

• Transaction date: 2026-02-25; filing date: 2026-02-27 (filed within the standard 2-business-day Form 4 window).
• Price reported: $0.00 for each grant (reflects grant/award status).
• Shares after transaction: Not disclosed in the provided filing details.
• Footnotes from the filing:
  • F1: The RSUs (4,640) vest March 1, 2029 if performance goals are met; the number shown is the maximum that may vest.
  • F2: The RSUs (774) vest in three annual installments on March 1, subject to continued service.
  • F3: The option (7,179) vests in three annual installments beginning on the first anniversary of the grant.
• No late filing was indicated.

Context

• These are long-term incentive awards: performance-based RSUs depend on meeting targets (may vest at lower than the maximum) and time-based awards vest over multiple years. They do not indicate an immediate purchase or sale of shares by the insider and are common executive compensation practices to align leadership with company performance.