Moorefield Jeffrey C. 4

What Happened
Jeffrey C. Moorefield (insider) had restricted stock units (time‑based and performance‑based RSUs) convert/vest on March 20, 2026, resulting in 3,157 ordinary shares arising from the vesting/conversion. To satisfy tax and exercise obligations, 1,280 shares were withheld/disposed, with withholding payments totaling $15,169. After withholding, Moorefield received a net of 1,877 shares. The RSU conversions are subject to a nominal $1.00 per share payment (per filing footnote).

Key Details

• Transaction date: March 20, 2026; Form 4 filed March 23, 2026 (timely).
• Shares converting/vested: 3,157 total (623 + 1,544 + 990).
• Shares withheld/disposed for taxes/exercise: 1,280 shares (253, 626, 401) for total proceeds/payments of $2,990, $7,399 and $4,780 respectively (combined $15,169).
• Net shares retained: 1,877 shares.
• Relevant footnotes:
  • F1: RSUs convert 1-for-1, subject to a nominal $1.00 per ordinary share.
  • F2: 25% vesting of time‑based RSUs granted March 20, 2023 (final tranche vests Mar 20, 2027).
  • F3–F6: Performance-based RSUs (two award tranches at different targets) were granted Mar 20, 2023 and vested 100% on Mar 20, 2026 after achievement of EPS growth and relative TSR goals for the 2023–2025 performance period.
• Shares owned after the transaction: not specified in the supplied filing details.

Context

• This filing reflects vested/converted RSUs and performance awards rather than an open‑market buy or voluntary sale. The withholding/disposition entries are routine: shares are typically withheld or sold to cover taxes or nominal exercise payments and do not necessarily indicate a change in insider sentiment.
• For clarity on transaction codes: M = exercise/conversion of derivative (RSU conversion), A = grant/award, F = payment of exercise price or tax liability (share withholding).