Christel David J 4

What Happened

• David J. Christel, President (mortgage purchase program), received an award of 28,000 restricted stock units (RSUs) on April 1, 2026. The Form 4 reports the grant as a derivative acquisition at $0.00 (no purchase price shown). This is an equity award, not an open-market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Filing date: June 5, 2026 (the Form 4 was filed more than two months after the grant).
• Grant: 28,000 RSUs, reported at $0.00 on the Form 4 (derivative award).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: RSUs convert one-for-one into common stock (F1). The RSUs vest in three approximately equal annual installments on April 1, 2027, 2028 and 2029 (F2).
• Filing timeliness: The report was filed late relative to the transaction date; late Form 4s can draw scrutiny and may be subject to SEC follow-up.

Context

• RSU grants are compensation awards that convert to actual shares only as they vest, so this grant does not represent an immediate open-market purchase or sale. Such awards are common for executive compensation and do not, by themselves, indicate buying or selling sentiment.