Boggs Philip B 4

What Happened

• Philip B. Boggs, Chief Financial Officer of Green Plains, received 24,347 shares (code A) as vested performance stock units (PSUs) on 2026-01-05 at a reported per-share value of $9.89 (total value $240,792). To cover tax withholding (code F) on the vesting, 23,816 shares were withheld/disposed at $9.89 each (total ~$235,540). Net result: Boggs retained 531 shares from the vesting (531 × $9.89 ≈ $5,252).
• This was an award/vesting event (not an open-market purchase or voluntary sale); the withholding is routine to satisfy tax obligations.

Key Details

• Transaction date: 2026-01-05; Filing date: 2026-01-23 (filing appears late relative to the standard Form 4 deadline).
• Prices and values: 24,347 shares issued @ $9.89 = $240,792 (acquisition); 23,816 shares withheld @ $9.89 = $235,540 (disposition for taxes).
• Net shares retained from the vesting: 531 shares (≈ $5.25K).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: The disposition (F) represents tax withholding on vested restricted stock per the Employment Agreement (F1). The 24,347 shares (F2) comprise 1,606 shares (March 2023 PSU), 4,790 shares (March 2024 PSU), and 17,951 shares (March 2025 PSU); all vested at target and were issued net of withholdings.

Context

• These transactions reflect standard vesting and tax-withholding mechanics for PSUs rather than a market-directed buy or sell; such withholding is commonly done by issuing and retaining shares to cover taxes.
• No 10b5-1 plan or gift was reported; treat this as routine compensation-related activity.