02/02/2026 | Press release | Distributed by Public on 02/02/2026 16:28
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
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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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Unit (SIP) | (2) | 01/29/2026 | A | 8,357 | (3) | (3) | Common Stock | 8,357 | $ 0 | 8,357(4) | D | ||||
| Performance Stock Unit (SIP) | (5) | 01/29/2025 | A | 16,713 | (5) | (5) | Common Stock | 16,713 | $ 0 | 16,713(6) | D | ||||
| Performance Stock Unit (SIP) | (7) | 01/29/2026 | A | 8,357 | (7) | (7) | Common Stock | 8,357 | $ 0 | 8,357(6) | D | ||||
| Performance Stock Unit (SIP) | (8) | 01/29/2026 | A | 8,357 | (8) | (8) | Common Stock | 8,357 | $ 0 | 8,357(6) | D | ||||
| Stock Unit (SIP) | (2) | 01/30/2026 | M | 2,887.191(9) | (10) | (10) | Common Stock | 2,887.191(9) | $ 0 | 5,776.444(9) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Del Vecchio Dean A 645 HAMILTON STREET ALLENTOWN, PA 18101 |
EVP and CTIO | |||
| /s/ W. Eric Marr, as Attorney-In-Fact for Dean A. Del Vecchio | 02/02/2026 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Shares withheld by the company at the request of the executive officer to pay taxes due following expiration of the applicable restriction period, under the terms of the Stock Incentive Plan (SIP). |
| (2) | No conversion or exercise price applies. Under the terms of the Stock Incentive Plan (SIP), a restricted stock unit converts to a share of common stock on the applicable vesting date. |
| (3) | The total grant of 8,357 restricted stock units will vest in three equal installments on 01/29/2027, 01/29/2028, and 01/29/2029. |
| (4) | As of 02/02/2026, total restricted stock units beneficially owned is 54,595.389. This total includes the two 02/19/2024 grants of (a) 30,046.042 and (b) 10,415.903 restricted stock units, two-thirds of the 1/30/2025 grant, which totals 5,776.444, plus in each case, the incremental addition of restricted stock units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such restricted stock units, and the 1/29/2026 grant of 8,357 restricted stock units. |
| (5) | No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's performance relative to a peer group (determined by the Company's People and Compensation Committee as described in more detail in the Company's annual Proxy Statement on Schedule 14A), over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029. |
| (6) | As of 02/02/2026, total performance units beneficially owned is 119,761.959. This total includes the six 02/19/2024 grants of (a) 10,415.903, (b) 10,415.903, (c) 20,831.808, (d) 2,504.725, (e) 2,504.725, and (f) 5,008.384 performance units, the three 01/30/2025 grants of (a) 8,663.635, (b) 8,663.635, and (c) 17,326.241 performance units, plus in each case, the incremental addition of performance units credited to the original grant in amounts equal to dividend equivalents deemed earned on shares underlying such performance units, and the three 01/29/2026 grants of (a) 8,357, (b) 8,357, and (c) 16,713, performance units. |
| (7) | No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's earnings growth over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029. |
| (8) | No conversion or exercise price or exercise or expiration date applies. Under the terms of the Stock Incentive Plan (SIP), all, some or none of the underlying securities will be earned depending on the Company's achievement of certain long-term sustainability-related metrics over a three-year performance period ending 12/31/2028. Determination of number of underlying securities that have been earned, if any, will be made by the People and Compensation Committee in January 2029. |
| (9) | Total includes the reinvestment of dividends. |
| (10) | One-third of the 01/30/2025 grant of restricted stock units vested on 01/30/2026; the remaining thirds will vest on 01/30/2027 and 01/30/2028, respectively. |