Exponent (EXPO) VP John Pye converts RSUs; shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exponent Inc. executive John Pye reported routine equity compensation activity involving restricted stock units and common shares. On March 11, 2026, 5,934 vested restricted stock units were converted into 5,934 shares of common stock on a 1:1 basis, reflecting the vesting of awards originally granted on March 11, 2022.
To cover tax withholding obligations tied to this vesting, 2,384 common shares were withheld by the company at a price of $70.03 per share, a tax-related disposition rather than an open-market sale. After these transactions, Pye directly holds 29,131 shares of Exponent common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,934 shares exercised/converted
Mixed
3 txns
Insider
Pye John
Role
VP Global Offices & Innovation
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,934 | $0.00 | -- |
| Exercise | Common Stock | 5,934 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,384 | $70.03 | $167K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 31,515 shares (Direct)
Footnotes (1)
- Reflects the conversion of shares of vested Restricted Stock Units granted on March 11, 2022 into shares of Common Stock on a 1:1 basis. Not applicable. Reflects shares of common stock withheld by the Company to satify the tax withholding obligations of the Reporting Person.
FAQ
What insider transactions did Exponent (EXPO) report for John Pye on March 11, 2026?
On March 11, 2026, Exponent VP John Pye converted 5,934 vested restricted stock units into 5,934 common shares. The company then withheld 2,384 shares at $70.03 each to cover related tax obligations, leaving him with 29,131 shares directly held.
Were John Pye’s Exponent (EXPO) transactions open-market stock sales?
No, the Form 4 shows no open-market sales by John Pye. Shares were issued through RSU vesting and some were withheld by the company to satisfy tax obligations, a non-market tax-withholding disposition rather than a discretionary sale into the market.
What equity awards were converted in John Pye’s Exponent (EXPO) Form 4 filing?
The filing shows conversion of vested restricted stock units granted on March 11, 2022. On March 11, 2026, 5,934 of these units vested and were converted into 5,934 shares of Exponent common stock on a 1:1 basis, as described in the footnotes.
What does the tax-withholding transaction in Exponent (EXPO) VP John Pye’s Form 4 mean?
The tax-withholding entry reflects 2,384 Exponent shares withheld by the company at $70.03 per share. This satisfies John Pye’s tax obligations associated with the RSU vesting and is classified as a tax-withholding disposition, not an open-market sale of stock.