STOCK TITAN

BFAM (BFAM) COO reports equity award vesting and tax share withholding

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Bright Horizons Family Solutions chief operating officer Mandy Berman reported equity compensation activity involving the company’s common stock. She acquired 3,847 shares at no cost through the vesting of performance-based restricted stock units tied to financial metrics for a period from January 1, 2023 to December 31, 2025. To cover tax withholding obligations from this PRSU vesting and from separate restricted stock units, 1,283 shares and 2,430 shares were disposed of at a price of $71.64 per share through share withholding rather than open-market sales. After these grant and tax-withholding dispositions, she directly owns 18,355 shares of common stock.

Positive

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Negative

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Insider Berman Mandy
Role COO Back-Up and Ed Advisory
Type Security Shares Price Value
Grant/Award Common Stock 3,847 $0.00 --
Tax Withholding Common Stock 1,283 $71.64 $92K
Tax Withholding Common Stock 2,430 $71.64 $174K
Holdings After Transaction: Common Stock — 22,068 shares (Direct)
Footnotes (1)
  1. Represents the acquisition of shares of the Registrant's common stock upon the vesting of performance-based restricted stock units (PRSUs). The number of PRSUs was based on the Registrant's level of achievement of certain financial performance metrics for the performance period, which commenced on January 1, 2023 and ended on December 31, 2025. Each PRSU represents a contingent right to receive one share of Registrant common stock upon vesting and settlement. Represents shares withheld to satisfy tax withholding obligations arising as a result of the vesting and settlement of the PRSUs described in footnote 1. Represents shares withheld to satisfy tax withholding obligation arising upon the vesting of restricted stock units (RSU). Each RSU represents a right to receive one share of Registrant common stock upon vesting.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Berman Mandy

(Last) (First) (Middle)
C/O BRIGHT HORIZONS FAMILY SOLUTIONS INC
2 WELLS AVENUE

(Street)
NEWTON MA 02459

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BRIGHT HORIZONS FAMILY SOLUTIONS INC. [ BFAM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
COO Back-Up and Ed Advisory
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/24/2026 A 3,847(1) A $0.00 22,068 D
Common Stock 02/24/2026 F 1,283(2) D $71.64 20,785 D
Common Stock 02/24/2026 F 2,430(3) D $71.64 18,355 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the acquisition of shares of the Registrant's common stock upon the vesting of performance-based restricted stock units (PRSUs). The number of PRSUs was based on the Registrant's level of achievement of certain financial performance metrics for the performance period, which commenced on January 1, 2023 and ended on December 31, 2025. Each PRSU represents a contingent right to receive one share of Registrant common stock upon vesting and settlement.
2. Represents shares withheld to satisfy tax withholding obligations arising as a result of the vesting and settlement of the PRSUs described in footnote 1.
3. Represents shares withheld to satisfy tax withholding obligation arising upon the vesting of restricted stock units (RSU). Each RSU represents a right to receive one share of Registrant common stock upon vesting.
Remarks:
John Casagrande, attorney in fact for Mandy Berman 02/26/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did BFAM executive Mandy Berman report?

Mandy Berman reported equity compensation activity, including the vesting of performance-based restricted stock units and restricted stock units. She acquired 3,847 shares at no cost and had shares withheld to cover tax obligations associated with these vestings.

How many BFAM shares did Mandy Berman acquire in this Form 4 filing?

She acquired 3,847 shares of Bright Horizons Family Solutions common stock through vesting of performance-based restricted stock units. These units were earned based on financial metrics for the period from January 1, 2023 to December 31, 2025, then settled in shares.

Why were BFAM shares disposed of in Mandy Berman’s Form 4?

Shares were disposed of solely to satisfy tax withholding obligations from equity awards. The filing shows 1,283 shares and 2,430 shares withheld at $71.64 per share related to the vesting and settlement of performance-based and time-based restricted stock units.

What were the prices involved in Mandy Berman’s BFAM share transactions?

The equity award vesting occurred at a price of $0.00 per share, reflecting a compensation grant. Shares withheld for taxes were valued at $71.64 per share, the price used to determine how many shares were needed to cover withholding obligations.

How many BFAM shares does Mandy Berman own after these transactions?

After the award vesting and tax-withholding share dispositions, Mandy Berman directly owns 18,355 shares of Bright Horizons Family Solutions common stock. This figure reflects the final ownership reported following all transactions on February 24, 2026.

What performance period was used for Mandy Berman’s BFAM performance RSUs?

The performance-based restricted stock units vested based on Bright Horizons’ achievement of financial metrics over a period starting January 1, 2023 and ending December 31, 2025. Each vested PRSU converted into one share of common stock upon settlement.