Renacci Andrew James 4

What Happened
Andrew Renacci, Chief Legal Officer and Corporate Secretary of GrafTech International Ltd. (EAF), had 1,800 restricted stock units (RSUs) convert into 1,800 shares of common stock on March 12, 2026. To satisfy withholding for taxes, 526 of those shares were surrendered/withheld at $5.23 per share (proceeds ~$2,751), leaving approximately 1,274 net shares delivered to him. The RSU settlement is reported as a derivative conversion/exercise; the RSUs have $0 exercise price (they settle one-for-one into common stock).

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (timely filing).
• Conversion: 1,800 RSUs -> 1,800 shares (reported as derivative exercise, code M).
• Tax withholding: 526 shares withheld/disposed at $5.23 each, total ~$2,751 (code F).
• Net shares received: ~1,274 (1,800 converted − 526 withheld).
• Footnotes: F1 — RSUs convert one-for-one into common stock. F2 — These RSUs were granted March 12, 2024 (5,401 RSUs total) and vest in three equal annual installments beginning March 12, 2025; they also accrue dividend equivalents (dividends currently suspended).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This was an RSU settlement with shares withheld to cover tax obligations — a routine administrative step rather than an open-market sale or purchase. For RSU settlements, a $0 exercise price is typical because the award is simply converting into stock; the withholding sale is standard to meet payroll/tax requirements and doesn't necessarily indicate a change in insider sentiment.