PASQUALE DOUGLAS M 4

What Happened
Director Douglas M. Pasquale converted/received 4,946.607 shares on March 6, 2026 from the vesting/settlement of restricted stock units (reported as an exercise/conversion) valued at $31.58 per share (total ≈ $156,214). He also purchased 500 shares in the open market on March 9, 2026 at $30.00 per share (≈ $15,000). A related entry shows the derivative instrument converted/cancelled (zero-dollar disposition), consistent with RSU settlement.

Key Details

• Transaction codes: M = exercise/conversion (RSU settlement), P = open-market purchase.
• March 6, 2026: 4,946.607 shares acquired via RSU vesting at $31.58/share (total ≈ $156,214). A corresponding derivative disposition is reported at $0, reflecting conversion/cancellation.
• March 9, 2026: 500 shares bought open market at $30.00/share (total $15,000).
• The filing notes a transfer of 2,787.313 directly held shares to the Pasquale Living Trust (dated 10/17/2007); this transfer was exempt under Rule 16a-13 (Footnote F2). Footnote F3 confirms shares held by that trust.
• Shares owned following the reported transactions are not specified in the excerpted filing.
• Filing date: March 9, 2026 for transactions on/through March 6, 2026 — appears to be filed in a timely manner.

Context

• The primary acquisition on March 6 was a vesting/settlement of RSUs (an award converting to common stock), not a market purchase; such awards are routine compensation and not direct market buys. The separate March 9 open‑market purchase is a small, out‑of‑pocket buy ($15k) and represents a direct insider purchase.
• Transfers to a living trust are typically administrative and exempt from Section 16 reporting; they are not sales and don’t necessarily indicate trading intent.
• This activity involves a company director (not listed as a 10% owner in the provided details). For investors, open‑market purchases and additional insider accumulation can be more informative than routine RSU vesting.