Egan Don A. 4

What Happened

• Don A. Egan, SVP and Chief Operating Officer, reported the vesting/conversion of Restricted Stock Units (derivative exercises) on March 21–23, 2026. He received 1,570 shares from settled RSUs (708 on 3/21, 347 on 3/22, 515 on 3/23). To satisfy tax withholding, 665 shares were withheld/disposed (287 on 3/21, 152 on 3/22, 226 on 3/23) for proceeds totaling $176,011. The filing also shows an award/grant of 1,202 shares (derivative) on 3/23. These transactions are routine vesting and tax withholdings rather than open‑market purchases or voluntary sales.

Key Details

• Transaction dates & amounts:
  • 2026-03-21: 708 RSUs converted to shares; 287 shares withheld for taxes at $259.68/share = $74,528.
  • 2026-03-22: 347 RSUs converted to shares; 152 shares withheld for taxes at $259.68/share = $39,471.
  • 2026-03-23: 515 RSUs converted to shares; 226 shares withheld for taxes at $274.39/share = $62,012.
  • 2026-03-23: Grant/award reported of 1,202 RSUs (derivative) @ $0.
• Net from conversions: 1,570 shares issued from RSU settlement; 665 shares withheld to cover taxes (proceeds ≈ $176,011).
• Footnotes: RSUs were granted under the Issuer’s 2017 Long‑Term Incentive Plan (grants dated Mar 21, 2025; Mar 22, 2024; Mar 23, 2023) and vest ratably over three years; withheld shares reflect tax withholding obligations.
• Filing timing: Report filed 2026-03-24 covering activity 3/21–3/23; appears timely (no late filing indicated in the provided data).
• Transaction codes explained: M = exercise/conversion of derivative (RSU settlement); F = shares withheld/disposed to satisfy tax withholding; A = grant/award (derivative).

Context

• These entries reflect routine RSU vesting and settlement into common shares with a portion withheld to meet tax obligations (a common, non‑directional action). This is not an open‑market sale or timed trade; it is administration of compensation. For retail investors, such transactions typically do not signal management buying or selling intent.