Sachs Rebecca E. 4

What Happened Rebecca E. Sachs, Chief People Officer of Seaport Entertainment Group Inc. (SEG), received a grant of 7,858 restricted stock units (RSUs) on 2026-02-26 (recorded as an award at $0.00 per share). On 2026-02-27, 987 shares were withheld to satisfy the tax liability related to vesting; the withheld shares are reported as disposed at $23.36 each (total value $23,056). The RSUs represent a contingent right to receive common stock when they vest.

Key Details

• Transactions reported:
  • 2026-02-26 — Award (Code A): 7,858 RSUs granted, $0.00 per share (no cash paid).
  • 2026-02-27 — Tax withholding (Code F): 987 shares withheld/treated as disposed at $23.36 each, total $23,056.
• Vesting schedule (per footnote): 1,009 RSUs vest on Feb 27, 2027; 6,849 RSUs vest in three substantially equal annual installments beginning Feb 27, 2027, subject to continued service.
• Shares owned after the transactions: not specified in the filing.
• Filing date: 2026-03-02. The Form 4 was filed within the normal SEC timing window and is not marked late.
• Codes explained: A = award/grant (RSUs); F = shares withheld to pay taxes (not an open-market sale).

Context

• RSUs are compensation awards that convert into shares only upon vesting; the grant itself is not a market purchase and does not necessarily signal insider buying interest.
• The 987-share withholding is a routine tax-withholding event (cashless withholding) used to satisfy tax obligations on the vesting — it is not the same as an open-market sale.