Wardlow Graham 4

What Happened

• Wardlow Graham (insider) was reported as acquiring 26,618 shares via the vesting/conversion of performance-based restricted stock units (RSUs) on March 18, 2026. The award is reported as derivative (transaction code A — Award/Grant). The filing shows two vested grants: 14,400 shares and 12,218 shares; no market sale/market purchase price is reported. A footnote indicates a nominal payment of $1.00 per ordinary share may apply.

Key Details

• Transaction date: March 18, 2026; Form 4 filed March 19, 2026 (timely).
• Shares granted/vested: 14,400 and 12,218 (total 26,618).
• Price reported: N/A for market price (derivative RSUs); footnote states nominal $1.00 per share.
• Why vested: F2/F3 — these were performance-based RSUs awarded March 18, 2024 (one at a 221% target tied to EPS growth, one at a 125% target tied to relative TSR); both vested 100% upon achievement of performance goals for the period ended Dec 31, 2025.
• Shares owned after transaction: not specified in the provided filing details.
• Transaction code: A = Award/Grant (derivative conversion upon vesting).

Context

• These were not open-market purchases or sales but the vesting/conversion of performance-based RSUs into ordinary shares after performance targets were met. Such awards reflect achievement of specific company performance goals and result in share issuance to the insider; they do not by themselves indicate the insider bought or sold shares in the market.