Form 4: Exponent CEO Converts RSUs, Sells Shares for Tax

Exponent Inc.'s President & CEO, Catherine Corrigan, converted vested Restricted Stock Units into common stock and subsequently sold a portion to cover tax obligations.

Summary

• Catherine Corrigan, President & CEO and Director of Exponent Inc. (EXPO), reported transactions involving the company's common stock.
• On March 11, 2026, 12,716 Restricted Stock Units (RSUs) granted on March 11, 2022, vested and were converted into an equal number of common stock shares.
• Concurrently, 6,156 shares of common stock were disposed of at a price of $70.03 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Catherine Corrigan directly beneficially owns 100,969 shares of Exponent Inc. common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While there was a sale of shares, it was for tax purposes, which is a routine and expected part of equity compensation. The underlying RSU vesting is a positive for the executive.

Positives

• The vesting of 12,716 Restricted Stock Units reflects the achievement of performance or time-based conditions, indicating successful executive compensation alignment.
• The conversion of RSUs into common stock increases the CEO's direct ownership in the company, aligning her interests with shareholders.

Negatives

• A total of 6,156 shares were sold to cover tax withholding obligations, reducing the CEO's overall direct shareholding by that amount.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and is unlikely to have a significant direct impact on the company's share price or long-term value. The CEO's continued significant direct ownership aligns her interests with shareholders.
• Employees: The vesting of RSUs is a standard component of executive compensation, reflecting the company's compensation structure.

Key Dates

Keywords

Exponent Inc., EXPO, Catherine Corrigan, Restricted Stock Units, RSU conversion, insider transaction, Form 4, stock sale, tax withholding