Fu Luyang 4

What Happened

• Fu Luyang, Senior Vice President (subsidiary), had 313 restricted/derivative awards convert to common shares on Feb 12, 2026. The filing shows an acquisition of 313 shares at $0.00 (conversion/exercise) and a corresponding disposition of the derivative instrument. To cover tax withholding, 106 of the newly issued shares were surrendered/disposed at $163.12 each, totaling $17,291. This was a vesting/settlement event with shares issued and withheld for taxes — not an open-market sale or purchase signaling a trading decision.

Key Details

• Transaction date: 2026-02-12 (filed with SEC on 2026-02-17).
• Entries: two M-code entries for exercise/conversion (313 shares at $0.00) and an F-code tax withholding entry (106 shares disposed at $163.12 = $17,291).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F2 confirms the restricted stock units vested on Feb 12, 2026 if service requirements were met. F3 indicates some reported shares relate to a Top Hat (phantom) savings plan that is settled on retirement or termination. F1 notes some reported stock may be held in the company 401(k) plan.
• Timeliness: filing date is Feb 17 for Feb 12 transactions; the filing does not show a late-report flag in the provided data.

Context

• This was a vesting/settlement and tax-withholding event (shares surrendered to cover taxes), not an open-market sale. For retail investors, such transactions are routine compensation mechanics and do not necessarily indicate insider sentiment about the stock.