Butcher Stephanie 4

What Happened

• Stephanie Butcher, Senior Managing Director at Invesco Ltd. (IVZ), had two linked transactions reported for 2026-02-28. She disposed of 9,237 shares at $26.26 each, generating proceeds of $242,564 (transaction code F — payment of tax liability). On the same date she was granted 66,317 restricted stock units (RSUs) recorded as an acquisition (transaction code A) with no cash outlay shown in the filing.

Key Details

• Transaction dates: 2026-02-28 (reported on Form 4 filed 2026-03-03).
• Sale/Disposition: 9,237 shares at $26.26 = $242,564 (code F — used to satisfy tax liability).
• Award/Acquisition: 66,317 RSUs granted (recorded as $0 in the filing because these are contingent awards).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Form filed 2026-03-03 for a 2026-02-28 transaction; the filing itself does not indicate a late-report flag in the provided data.
• Footnotes: F1 — Each RSU represents a contingent right to receive one common share. F2 — RSUs vest in four equal annual installments and expire upon termination of employment.

Context

• The RSU grant is a derivative compensation award subject to future vesting; the associated withholding payment (code F) typically reflects shares withheld or disposed to cover taxes when awards vest. Such sell-to-cover actions are common and do not necessarily indicate a change in the insider’s view of the company.