MONTOYA MICHAEL F 4
4 · F5, INC. · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
F5 (FFIV) CTO Michael Montoya Exercises 934 Shares; 367 Withheld
What Happened
Michael F. Montoya, Chief Technology Operations Officer of F5, Inc. (FFIV), converted/exercised 934 derivative awards into 934 shares on March 11, 2026. There was no cash exercise price for the conversion (reported $0). To satisfy tax withholding, 367 of those shares were withheld/disposed at $289.52 per share, totaling approximately $106,254. The filing shows both the conversion (code M) and the tax-withholding disposition (code F).
Key Details
- Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (filed within the typical 2‑business‑day window).
- Converted/acquired: 934 shares (derivative conversion, code M) at $0 exercise price.
- Withheld/disposed for taxes: 367 shares (code F) at $289.52 each = $106,254.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Relevant footnotes:
- F1: Some shares are held in a trust for the reporting person’s children; he is a co‑trustee.
- F2–F4: These awards are Restricted Stock Units (RSUs) granted Mar 13, 2025; they convert to common shares at vesting if service continues and will fully vest per the award schedule.
Context
This was an RSU conversion with shares withheld to cover tax obligations (a common post‑vesting administrative step), not an open‑market sale or a purchase signal. The filing shows the mechanics of converting RSUs into shares and satisfying taxes; it does not by itself indicate a change in the executive’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-11+934→ 3,509 total - Tax Payment
Common Stock
2026-03-11$289.52/sh−367$106,254→ 3,142 total - Exercise/Conversion
Restricted Stock Unit
[F2][F3][F4]2026-03-11−934→ 0 totalExercise: $0.00→ Common Stock (934 underlying)
- 4,252(indirect: By Trust)
Common Stock
[F1]
Footnotes (4)
- [F1]These shares are held in a trust for the benefit of the reporting person's children. The reporting person is a co-trustee of the trust.
- [F2]Each Restricted Stock Unit represents a contingent right to receive one share of F5, Inc. Common Stock on the vest date.
- [F3]This March 13, 2025 award of service-based Restricted Stock Units will fully vest on the first business day prior to the date of the annual shareholder meeting for fiscal 2025 (to be held in 2026).
- [F4]If the reporting person continues to provide services to the Company through the vest date, the corresponding number of shares of Common Stock of F5, Inc. will be issued to the reporting person on the vest date.