Webster Stephen 4

What Happened
Stephen Webster, Chief Financial Officer of Luxfer Holdings plc, acquired a total of 4,931 ordinary shares on March 20, 2026 through the vesting/conversion of performance-based awards. The filing shows two derivative awards converted: 3,005 shares and 1,926 shares. Per the footnotes, the shares were issued 1-for-1 upon vesting for a nominal payment of $1.00 per share (total cash cost to Mr. Webster ≈ $4,931). The SEC Form 4 lists these transactions as Award/Grant (code A) and reports derivative activity.

Key Details

• Transaction date: March 20, 2026 (reported on Form 4 filed March 23, 2026).
• Shares issued: 3,005 shares (award 1) and 1,926 shares (award 2); total 4,931 shares.
• Price/cost: nominal payment of $1.00 per ordinary share (footnote F1). Filing shows value fields as N/A for the derivative line items.
• Origin of awards: performance-based options granted March 20, 2023 that vested 100% on March 20, 2026 upon achievement of EPS growth (F2, 117% target) and relative TSR goals (F3, 50% target) for the period ended Dec 31, 2025.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction code: A = Award/Grant (derivative conversion). No indication in the provided data that the filing was late.

Context
These were performance-based option awards that met their performance targets and vested, resulting in issuance/conversion to ordinary shares rather than an open-market purchase or sale. Because these are awarded/vested shares (not an open-market purchase), they reflect compensation delivery tied to past performance goals rather than an immediate market buy/sell decision.