Chapel Dawn Shannon 4

What happened Chapel Dawn Shannon, Senior Vice President (sub), had restricted stock units (RSUs) vest on February 12, 2026 and converted 252 RSUs into common shares. To satisfy tax withholding obligations, 86 of those shares were withheld (disposed) at an implied value of $163.12 per share, equal to about $14,028. The net result was a retained increase of roughly 166 shares (252 vested − 86 withheld).

Key details

• Transaction date: February 12, 2026; Form filed February 17, 2026 (filed five days after the transaction).
• Activity reported: Exercise/conversion of derivative (RSU vesting) — 252 shares converted; tax withholding (F) — 86 shares withheld at $163.12/share for ~$14,028.
• Net shares added to holdings: approximately 166 shares (based on the vest and withholding reported).
• Footnotes:
  • F3: The restricted stock units vested on Feb 12, 2026 if service requirements were met.
  • F1: Beneficially owned share totals on the filing are adjusted for quarterly dividend reinvestment.
  • F2: Some reported stock was acquired under the company 401(k) plan (plan-related holdings may be convertible to other investments).
• Timeliness: The Form 4 was filed five days after the reported transaction date, later than the typical two-business-day filing expectation for insiders.

Context

• This was an RSU vesting and tax-withholding event, not an open-market buy or sell for investment purposes. Withholding to cover taxes is a routine administrative step and does not necessarily signal a change in insider confidence.
• Net result increases the insider’s holdings modestly (approximately 166 shares) after withholding.