Schuler Scott Alan 4

What Happened

• Scott Alan Schuler, Senior Vice President (sub), had 216 restricted stock units (RSUs) vest and convert into 216 common shares on 2026-02-12 (derivative code M). The conversion shows an exercise/conversion price of $0.00.
• To satisfy tax withholding, 74 of those shares were surrendered (disposed) at an implied price of $163.12 each, for a withholding value of $12,071 (transaction code F). No open-market sale of additional shares was reported.

Key Details

• Transaction date: February 12, 2026; Form 4 filed February 17, 2026 (filed one business day late).
• Conversion: 216 shares acquired via RSU vesting (exercise/conversion code M) at $0.00 per share.
• Tax withholding: 74 shares withheld at $163.12/share, total $12,071 (code F).
• Shares owned after the transactions: not specified in the provided filing summary.
• Footnotes:
  • F1: Reporting person is enrolled in dividend reinvestment; beneficial ownership adjusted for reinvested shares.
  • F2: The restricted stock units vested on February 12, 2026 if service requirements were met.
• Transaction types: M = exercise/conversion of derivative (RSU vesting), F = withholding to cover tax liability.

Context

• This was an award/vesting event (RSUs converting to common shares), not an open-market purchase or sale. The surrender of 74 shares is a routine tax-withholding action and does not necessarily signal a trading decision.
• The filing was submitted one business day after the typical two-business-day Form 4 deadline, which is a timeliness note for investors but does not change the substance of the transactions.