Vartanian Nishan J. 4

What Happened
Nishan J. Vartanian, Chairman and a director of MSA Safety Inc. (MSA), was granted 35,115 shares (transaction coded A) on 2026-03-08 at an acquisition price of $0.00. To cover the tax liability associated with the award, 25,671 shares were withheld (transaction coded F) at $183.43 per share, a withholding value of $4,708,832. After withholding, the net shares retained from this grant are 9,444. This withholding is a routine tax-coverage action rather than an open-market sale.

Key Details

• Transaction date: 2026-03-08 (filed on Form 4: 2026-03-10) — filing appears timely.
• Awarded: 35,115 shares (code A) at $0.00 acquisition price.
• Withheld/disposed: 25,671 shares (code F) at $183.43/share; total value withheld ≈ $4,708,832.
• Net shares retained from the award: 35,115 − 25,671 = 9,444 shares.
• Meaning of codes: A = award/grant; F = payment of exercise price or tax liability (share withholding).
• Shares owned following the transaction: not specified in the provided filing details.

Context
Share withholding to cover taxes is common for equity awards and is an administrative/cashless settlement step — it does not necessarily indicate the insider is selling stock for investment reasons. This transaction reflects receipt of equity compensation and the company withholding shares to satisfy tax obligations.