Graham Michael E. 4

What Happened
Director Michael E. Graham reported an acquisition of 1,017.812 shares of Publix Super Markets on March 20, 2026. The reported price was $19.65 per share, for a total transaction value of approximately $20,000. The Form 4 shows this as a purchase (transaction code P), which is a direct buy of company stock (often viewed as a more informative/positive insider action than routine sales, though no motive should be assumed).

Key Details

• Transaction date: 2026-03-20; Form filed: 2026-03-23.
• Price per share: $19.65; Shares acquired: 1,017.812; Total value: ~$20,000.
• Transaction type: P = Purchase (open market or private purchase as reported).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes/plan notes: None indicated in the provided data (no 10b5-1 plan or tax-withholding notes reported).
• Timeliness: Filing date is 2026-03-23 for a 2026-03-20 transaction; the filing itself does not indicate a late/untimely disclosure flag.

Context
Purchases by directors can be interpreted by investors as a signal of confidence, but they are one data point and don't prove future performance. This filing reports a straightforward purchase; there is no option exercise, gift, or immediate resale noted.