Naratil Thomas C. 4

What Happened

• Thomas C. Naratil, a member of the Board of Directors, was granted 1,053.96 shares of Class F Common Stock as a compensation award on 2026-01-21. The award was reported at $0.00 per share (issued as compensation) and fully vested on the grant date (per filing footnote).
• This was an award/acquisition (transaction code A) rather than an open-market purchase or sale, so it reflects board compensation rather than a personal cash investment or disposition.

Key Details

• Transaction date: 2026-01-21; Filing date: 2026-01-23 (filed within the standard 2-business-day Form 4 window).
• Shares granted: 1,053.96 Class F Common Stock; reported acquisition price: $0.00 (compensation grant).
• Vesting: Fully vested on the grant date (Footnote F1).
• Beneficial ownership: Reporting person disclaims beneficial ownership except to extent of any pecuniary interest (Footnote F2).
• Shares owned after transaction: Not specified in the data provided.

Context

• Board compensation awards are common and are typically issued as part of director pay; because this was a compensation grant that fully vested immediately, it does not indicate a purchase decision by the director.
• Such awards can be less informative about insider sentiment than outright purchases or sales; treat this as routine director compensation unless additional context (e.g., large purchases) appears in other filings.