Howard Buffett (CNH) logs RSU vesting and tax share withholding

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

CNH Industrial N.V. director Howard W. Buffett reported routine equity compensation activity. On May 11, 2026, 4,980 restricted share units vested and converted into common shares on a one-for-one basis. The issuer withheld 150 common shares at $10.84 to cover related tax liabilities, and Buffett now directly holds 38,233 common shares.

Insider Trade Summary

4,980 shares exercised/converted

Mixed 3 txns

Insider Buffett Howard W.

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Share Units	4,980	$0.00	--
Exercise	Common Shares	4,980	$0.00	--
Tax Withholding	Common Shares	150	$10.84	$2K

Holdings After Transaction: Restricted Share Units — 0 shares (Direct, null); Common Shares — 38,383 shares (Direct, null)

Footnotes (1)

Restricted share units ("RSUs") convert into common shares on a one-for-one basis. Represents the number of shares withheld by the issuer to cover the reporting person's tax liability associated with the vesting of RSUs on May 11, 2026. On May 15, 2025, the Reporting Person was granted 4,980 RSUs, all of which vested on May 11, 2026.

Key Figures

RSUs vested: 4,980 units Shares withheld for taxes: 150 shares at $10.84 Post-transaction holdings: 38,233 shares +2 more

5 metrics

RSUs vested 4,980 units Restricted share units converting into common shares on May 11, 2026

Shares withheld for taxes 150 shares at $10.84 Common shares withheld by issuer to cover tax liability on vesting

Post-transaction holdings 38,233 shares Common shares directly held after May 11, 2026 transactions

RSU grant date May 15, 2025 Grant date for 4,980 restricted share units that later vested

RSU vesting date May 11, 2026 Date all 4,980 RSUs vested and converted into common shares

Key Terms

Restricted share units, RSUs, tax liability, derivative security

4 terms

RSUs financial

"Restricted share units ("RSUs") convert into common shares on a one-for-one basis."

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

tax liability financial

"Represents the number of shares withheld by the issuer to cover the reporting person's tax liability associated with the vesting of RSUs on May 11, 2026."

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 04:59 PM

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^*

Buffett Howard W.

(Last)

(First)

(Middle)

C/O CNH INDUSTRIAL N.V.

CRANES FARM ROAD, BASILDON

(Street)

ESSEX

UNITED KINGDOM

SS14 3AD

(City)

(State)

(Zip)

UNITED KINGDOM

(Country)

2. Issuer Name and Ticker or Trading Symbol
CNH Industrial N.V. [ CNH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/11/2026		M		4,980	A	⁽¹⁾	38,383	D
Common Shares	05/11/2026		F		150⁽²⁾	D	$10.84	38,233	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	⁽¹⁾	05/11/2026		M			4,980	⁽³⁾	⁽³⁾	Common Shares	4,980	$0	0	D

Explanation of Responses:

1. Restricted share units ("RSUs") convert into common shares on a one-for-one basis.

2. Represents the number of shares withheld by the issuer to cover the reporting person's tax liability associated with the vesting of RSUs on May 11, 2026.

3. On May 15, 2025, the Reporting Person was granted 4,980 RSUs, all of which vested on May 11, 2026.

	/s/ Eric Mathison, attorney-in-fact	05/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CNH (CNH) director Howard W. Buffett report?

Howard W. Buffett reported routine equity compensation activity. On May 11, 2026, 4,980 restricted share units vested and converted into CNH Industrial common shares, with a small portion withheld by the issuer to satisfy tax obligations tied to the vesting event.

Did Howard W. Buffett buy or sell CNH (CNH) shares on the open market?

The filing shows no open-market purchases or sales. It records RSU vesting, an associated derivative exercise into common shares, and 150 shares withheld by the issuer to cover Buffett’s tax liability, rather than a discretionary market trade initiated by the director.

How many CNH Industrial RSUs vested for Howard W. Buffett in this filing?

A total of 4,980 restricted share units vested for Howard W. Buffett. Footnotes state these RSUs were granted on May 15, 2025, and all vested on May 11, 2026, converting on a one-for-one basis into an equal number of CNH Industrial common shares.

How many CNH (CNH) shares were withheld for taxes in Howard W. Buffett’s Form 4?

The Form 4 reports that 150 common shares were withheld by the issuer. A footnote explains this withholding covered Howard W. Buffett’s tax liability associated with the May 11, 2026 vesting of restricted share units, at a reference price of $10.84 per share.

What is Howard W. Buffett’s CNH Industrial shareholding after these transactions?

Following the reported RSU vesting and tax withholding, Howard W. Buffett directly holds 38,233 CNH Industrial common shares. This figure reflects his position after the issuer withheld 150 shares to satisfy tax obligations tied to the vesting of 4,980 restricted share units.

Were any derivative securities left outstanding after Howard W. Buffett’s RSU vesting?

The filing’s derivative section shows the 4,980 restricted share units converted into common shares, leaving zero derivative balance. The derivative summary is empty, indicating no remaining RSUs from this specific grant after the May 11, 2026 vesting and conversion event.