Howie Jeffrey 4

What Happened

• Jeffrey Howie, Chief Financial Officer of Williams Sonoma (WSM), had restricted stock units (RSUs) convert to common shares in a vesting/settlement event on March 20–22, 2026. A total of 72,555 RSUs were converted to shares and 39,871 of those shares were withheld to satisfy tax withholding obligations, resulting in proceeds of approximately $7,113,783 (39,871 shares × $178.42/share). The transactions were reported on a Form 4 filed March 24, 2026.
• This was an award/vesting and conversion event (not an open-market purchase or voluntary sale). Withholding to cover taxes is a routine, administrative disposal of shares rather than an opportunistic sale.

Key Details

• Transaction dates: March 20–22, 2026; Form 4 filed March 24, 2026 (appears timely).
• Per-share price used for withholding: $178.42.
• Shares withheld for taxes: 39,871 shares; cash value ≈ $7,113,783.
• Total RSUs converted to shares (sum of conversion lines): 72,555 shares.
• Transaction codes: A = Award/Grant; M = Exercise/Conversion of derivative (RSU conversion); F = Payment of exercise price or tax liability (shares withheld).
• Footnotes of note: F1 = shares withheld upon vesting to cover taxes; F2 = each RSU converts to one share; F3–F7 describe grant dates and vesting schedules and confirm the RSUs satisfied performance and service conditions and were cancelled upon delivery of shares.
• Shares owned after the transaction were not provided in the supplied excerpt.

Context

• This was a settlement of vested RSUs with a cashless-style outcome for the amount of tax owed: some of the vested shares were retained/withheld by the company to cover tax obligations rather than being delivered to the insider or sold separately. Such withholdings are common when equity awards vest and generally reflect compensation tax mechanics rather than a deliberate directional trade by the insider.