Pye John 4

What Happened John Pye, Vice President, Global Offices & Innovation at Exponent (EXPO), converted 5,934 vested Restricted Stock Units (RSUs) into 5,934 shares of common stock on March 11, 2026. To satisfy tax withholding on the conversion, the company withheld 2,384 of those shares (valued at $70.03 per share, totaling about $166,952). The Form 4 reporting these transactions was filed on March 13, 2026.

Key Details

• Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (appears timely — within the typical two-business-day reporting window).
• Conversion: 5,934 RSUs converted to 5,934 common shares (1:1 conversion; granted March 11, 2022).
• Tax withholding: 2,384 shares withheld by the company at $70.03/share, totaling $166,952.
• Ownership after the transaction: Not reported in the provided filing excerpt.
• Footnotes: F1 confirms 1:1 conversion of vested RSUs; F3 confirms shares were withheld to satisfy tax withholding obligations.

Context This was a routine conversion of vested RSUs and a company withholding of shares to cover taxes, not an open-market sale or purchase. Such withholding transactions are administrative (tax-related) and do not necessarily signal a change in the insider’s market view.