Conroy James Grant 4

What Happened

• Conroy James Grant (CEO) received a performance-based award of 54,901 PRSUs (contingent rights to shares) on March 20, 2026 (recorded as an acquisition at $0.00 per share).
• On the same date, 8,268 shares were surrendered/withheld to cover tax liabilities at $211.19 per share, generating proceeds of about $1,746,119 (reported as a disposal for tax withholding).
• This was not an open-market sale of newly acquired shares but routine tax withholding related to the equity award.

Key Details

• Transaction date(s): March 20, 2026 (filed with the SEC on March 24, 2026 — timely).
• Award: 54,901 PRSUs @ $0.00 (code A). Footnote: PRSUs are contingent rights to receive shares (Rule 16b-3(d)).
• Vesting schedule (footnote): 16,471 shares vested Mar 20, 2026; 16,470 vest Mar 19, 2027; 21,960 vest Mar 17, 2028.
• Tax withholding: 8,268 shares withheld/disposed @ $211.19 (code F) = $1,746,119.
• Shares owned after the transaction: not specified in the information provided.
• Filing timeliness: Form 4 filed Mar 24, 2026 for a Mar 20 transaction — appears timely.

Context

• The primary action was receipt/settlement of a performance award (PRSUs); the share withholding was to satisfy tax obligations and is a routine administrative step, not an economic decision to take profits in the open market.
• Codes used: A = Award/Grant; F = Payment of exercise price or tax liability (i.e., shares surrendered/withheld for taxes).