Are Michael W. Wilson’s RGR restricted stock units cash-settled or share-settled?

The restricted stock units reported for Michael W. Wilson are cash-settled. Each unit provides the contingent right to receive the fair market value of one Sturm Ruger common share in cash on the March 1, 2026 vesting date.

Ruger (NYSE: RGR) VP Michael Wilson reports 3,962 cash-settled RSUs vested

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

STURM RUGER & CO INC executive Michael W. Wilson, VP of New Product Development, reported vesting of 3,962 cash-settled restricted stock units on March 1, 2026. Each unit represents the fair market value of one share of common stock on the vesting date.

The Form 4 records this vesting as an exercise or conversion of derivative securities and a deemed acquisition and disposition of the same number of common shares at $37.44 per share. After these entries, Wilson directly holds 11,314 restricted stock units and 1,629 shares of common stock.

Insider Trade Summary

3,962 shares exercised/converted

Mixed 3 txns

Insider Wilson Michael W

Role VP of New Product Development

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,962	$0.00	--
Exercise	Common Stock	3,962	$37.44	$148K
Disposition	Common Stock	3,962	$37.44	$148K

Holdings After Transaction: Restricted Stock Units — 11,314 shares (Direct); Common Stock — 5,591 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

03/04/2026 - 07:51 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^*

Wilson Michael W

(Last)

(First)

(Middle)

ONE LACEY PLACE

(Street)

SOUTHPORT

06468

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
STURM RUGER & CO INC [ RGR ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP of New Product Development

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

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)
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 Stock	03/01/2026		M		3,962	A	$37.44⁽¹⁾	5,591	D
Common Stock	03/01/2026		D		3,962	D	$37.44⁽¹⁾	1,629	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 Stock Units	⁽¹⁾	03/01/2026		M			3,962	03/01/2026	03/01/2026	Common Stock	3,962	$0	11,314	D

Explanation of Responses:

1. On June 8, 2023, the reporting person was granted 3,962 cash-settled restricted stock units pursuant to Rule 16b-3, which vested on March 1, 2026. Each cash-settled restricted stock unit represents the contingent right to receive the fair market value of one share of the issuer's common stock on the date of vesting. Vesting of cash-settled restricted stock units is reported in Table I as a deemed acquisition and disposition of the number of shares of common stock underlying such vested restricted stock units.

	/s/ David J. Muhlenberg, attorney-in-fact	03/04/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did RGR executive Michael W. Wilson report in this Form 4 filing?

Michael W. Wilson reported vesting of 3,962 cash-settled restricted stock units. The vesting is treated as an exercise of derivative securities and a deemed acquisition and disposition of equivalent common shares at the fair market value on March 1, 2026.

How many restricted stock units vested for RGR’s Michael W. Wilson?

A total of 3,962 cash-settled restricted stock units vested for Michael W. Wilson. Each unit represents the right to receive the fair market value of one Sturm Ruger common share on the March 1, 2026 vesting date.

How is the RSU vesting by RGR’s Michael W. Wilson reflected in the Form 4 tables?

The RSU vesting appears as an exercise or conversion of derivative securities and a deemed acquisition and disposition of 3,962 common shares. This reflects cash-settled treatment, with no ongoing stock ownership change equal to the vested amount itself.

What prices are associated with Michael W. Wilson’s RGR Form 4 transactions?

The deemed common stock transactions tied to the RSU vesting are recorded at $37.44 per share. The derivative transaction itself lists a price of $0.00 because it represents the vesting of cash-settled restricted stock units rather than a traditional purchase.

What are Michael W. Wilson’s RGR holdings after these Form 4 transactions?

Following the reported transactions, Michael W. Wilson directly holds 11,314 restricted stock units and 1,629 shares of common stock. These figures come from the post-transaction share totals disclosed for the derivative and non-derivative holdings in the Form 4.