Nursey Michael E. 4

What Happened

• Michael E. Nursey (insider) had 666 restricted stock units (RSUs) convert to 666 shares on February 18, 2026. No cash exercise price was paid. To satisfy tax withholding, 187 of the shares were surrendered/disposed at $22.38 each, generating proceeds of $4,185. The conversion reflects vesting of an earlier RSU award.

Key Details

• Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (timely).
• Conversions/Exercises: 666 RSUs converted to 666 shares (reported as derivative exercise M).
• Tax withholding: 187 shares surrendered/disposed at $22.38 each for $4,185 (code F).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — each RSU equals one share; F2 — 187 shares were surrendered for tax withholding; F3 — these RSUs came from a 2,000-RSU award granted Feb 18, 2025 that vests in three substantially equal annual installments.

Context

• This was a routine vesting/conversion of RSUs, not an open‑market purchase. The only shares sold were surrendered to cover taxes (a common practice) and should not be read as a discretionary sale indicating sentiment. The derivative code (M) indicates conversion/exercise of equity awards; code F denotes shares used for tax payment.