Giancarlo Charles H 4

What Happened Giancarlo Charles, CEO and Director of Everpure, Inc. (PSTG), was granted/acquired 540,467 shares on March 10, 2026 via a performance-based restricted stock unit (PRSU) award. The reported acquisition price is $0.00 (compensation award), so no cash was paid. The Committee certified performance achievement on March 10, 2026, triggering the award to be issued subject to the vesting schedule below.

Key Details

• Transaction date and code: 2026-03-10, Code A (Award/Grant).
• Shares granted: 540,467; price reported: $0.00; total cash value at grant: $0 (award-based compensation).
• Vesting: 1/3 of the PRSU vests on March 20, 2026; remaining 2/3 vest in equal quarterly installments over the next two years, subject to the Reporting Person’s continuous service.
• Shares reported as held by the Giancarlo Family Trust UAD 11/02/98 (footnote F2).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Report filed on 2026-03-12 for a 2026-03-10 transaction — appears timely (Form 4 is generally due within two business days).

Context A PRSU is a compensation award that converts into actual shares only if performance targets are met and vesting conditions (here, continued service) are satisfied. This is not an open-market purchase or sale and does not by itself indicate immediate buying or selling activity; it represents equity compensation tied to performance and retention.