Item 5. Other Information
1K characters. Original on sec.gov ·
Item 5. Other Information
Rule 10b5-1 Plan Elections
Sivasankaran Somasundaram, a director, adopted a non-Rule 10b5-1 trading arrangement on February 11, 2025, pursuant to which he elected to receive all of his director retainer to be paid between July 1, 2025 and June 30, 2026 in shares of the Company's common stock. The amount of shares to be awarded will be determined based on the closing price of the Company's common stock on the second Friday of each quarter during the payment period.
John W. Norris, III, a director, adopted a prearranged stock trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act on February 20, 2025. Mr. Norris’ plan provides for the sale of approximately 31,899 shares of the Company's common stock between May 22, 2025 and January 25, 2026.
These trading plans were entered into during an open insider trading window and are intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act and the Company's policies regarding transactions in the Company's securities.
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