JOHNS TIMOTHY E 4

What Happened Timothy E. Johns, listed as President of Zephyr Insurance Company, had 10,588 shares withheld on March 12, 2026 to satisfy tax liability related to the vesting of previously awarded performance‑based restricted stock. The withholding is reported as a disposition at $28.14 per share, representing $297,946 of value. This was a tax withholding on vesting—not an open‑market sale.

Key Details

• Transaction date: 2026-03-12; Form 4 filed: 2026-03-16 (appears timely).
• Withheld/disposed: 10,588 shares at $28.14 each; total value reported $297,946.
• Transaction code: F (shares withheld to satisfy tax liability).
• Footnote: Shares were withheld to cover taxes on the vesting of performance‑based restricted stock.
• Shares owned after the transaction: not specified in the filing.

Context This action is a routine tax withholding tied to RSU vesting and does not necessarily reflect a decision to sell shares on the open market or a change in insider confidence. For retail investors, purchases or open‑market sales by insiders often carry more direct interpretive value than withholding to cover taxes.