Kennedy David Alan 4

What Happened

• David Alan Kennedy, Chief Financial Officer of Dell Technologies (DELL), received 14,203 restricted stock units (RSUs) that vested on March 15, 2026. Simultaneously, 3,049 shares were withheld by the issuer to satisfy the tax liability related to vesting. The withheld shares were valued at $151.62 each, totaling approximately $462,289. The award transaction is reported as an acquisition (A) and the withholding as a tax withholding (F).

Key Details

• Transaction dates: March 15, 2026 (reported on Form 4 filed March 17, 2026; appears timely).
• Award: 14,203 shares acquired at $0.00 per share (grant/vesting of RSUs).
• Withholding: 3,049 shares disposed/withheld at $151.62 per share for taxes (~$462,289).
• Footnotes:
  • F1: Withheld shares represent payment of tax liability from partial vesting of RSUs granted March 15, 2023/2024/2025.
  • F2: 21,791 performance-based RSUs were certified as earned from a March 15, 2023 grant, net of 7,588 shares withheld for taxes, resulting in 14,203 shares delivered.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing: Accession 0002086800-26-000002, Form 4 filed March 17, 2026 covering transactions on March 15, 2026.

Context

• These transactions reflect RSU vesting and the issuer’s routine share withholding to cover tax obligations (a common, administrative action), not an open-market sale or purchase by the insider. Such withholdings should not be interpreted as a directional buy/sell signal by the insider.