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

Exponent Inc. VP John Pye converted vested Restricted Stock Units into common stock and sold shares to cover tax obligations.

Summary

• John Pye, VP Global Offices & Innovation at Exponent Inc. (EXPO), reported transactions on March 11, 2026.
• 5,934 Restricted Stock Units (RSUs) granted on March 11, 2022, vested and converted into an equal number of Common Stock shares.
• Subsequently, 2,384 shares of Common Stock were disposed of by the company to satisfy tax withholding obligations for the reporting person.
• The shares withheld for taxes were valued at $70.03 per share.
• Following these transactions, John Pye beneficially owns 29,131 shares of Exponent Inc. Common Stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a routine, largely neutral event reflecting the vesting of previously granted equity compensation, which is a standard part of executive remuneration.

Positives

• Vesting of 5,934 Restricted Stock Units (RSUs) indicates successful achievement of performance or time-based conditions, reflecting compensation earned by the executive.
• The conversion of RSUs into common stock increases the executive's direct equity ownership in the company (before tax withholding).

Negatives

• 2,384 shares of Common Stock were disposed of to cover tax withholding obligations, reducing the executive's direct beneficial ownership.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

StockSavvy.ai notes this is a routine insider transaction, common for executives receiving equity compensation as part of their remuneration package, and is not indicative of broader industry trends.

Stakeholder Impact

• Shareholders will observe a minor, routine change in insider ownership, which is a common occurrence with executive equity compensation.

Key Dates

Recommendation

This Form 4 details a standard RSU vesting and tax-related share disposition, which is a routine compensation event and does not provide new fundamental information to warrant a change in investment recommendation.

Keywords

EXPO, Exponent Inc, Form 4, insider transaction, RSU, restricted stock units, common stock, executive compensation, John Pye