Form 4: CoStar Senior VP Forfeits Performance Shares

Sentiment:

Insider Transaction Report 23 February 2026 5:17 PM

CoStar Group's Senior VP, Global Operations, Lisa Ruggles, reported the forfeiture of 17,583 performance-based restricted shares and the disposition of 3,219 shares for tax withholding.

Worse than expected17,583 shares were forfeited from a performance restricted stock grant, indicating that the associated performance goals were not fully achieved, which is a worse outcome than full achievement.

Summary

Lisa Ruggles, Senior VP, Global Operations at CoStar Group, Inc. (CSGP), reported changes in her beneficial ownership of company common stock.
On February 19, 2026, 17,583 shares of common stock were forfeited from a performance restricted stock grant originally made on February 14, 2023. This forfeiture occurred upon the Compensation Committee's certification of the actual achievement of the performance goal, indicating the goal was not fully met.
On the same date, 3,219 shares of common stock were disposed of, likely for tax withholding purposes related to the vesting of restricted stock, at a price of $49.07 per share.
Following these transactions, Lisa Ruggles beneficially owns 186,823 shares of CoStar Group common stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as slightly negative due to the forfeiture of performance-based shares, suggesting that the company's performance against specific internal goals may have fallen short.

Negatives

17,583 shares of common stock were forfeited from a performance restricted stock grant, indicating that the associated performance goals were not fully achieved.

Industry Context

StockSavvy.ai notes that insider transaction filings like Form 4 provide transparency into executive stock ownership changes. While this filing details routine compensation-related events, the forfeiture of performance shares can offer a glimpse into the achievement of specific internal performance metrics, which may differ from broader market expectations.

Stakeholder Impact

Shareholders might interpret the forfeiture of performance-based shares as a minor negative signal regarding the achievement of specific internal company performance metrics.

Key Dates

Date	Description
02/14/2023	Date of original performance restricted stock grant.
02/19/2026	Date of forfeiture and disposition transactions.
02/23/2026	Date the Form 4 was signed by the attorney-in-fact.

Recommendation

hold

This Form 4 primarily details routine compensation-related transactions, specifically the forfeiture of performance shares and tax withholding. While the forfeiture is a minor negative signal regarding specific performance metrics, it does not fundamentally alter the investment thesis for CoStar Group. Investors should hold and monitor broader company performance and strategic initiatives.

Keywords

CoStar Group, CSGP, Lisa Ruggles, Form 4, insider transaction, stock forfeiture, restricted stock, executive compensation

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