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Export transactions ↓Last 12 months
Inside the activity.
2 purchase rows · 19 sale rows
Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.Monthly counts
| Month | Purchases | Sales |
|---|---|---|
| Nov 2025 | 0 | 0 |
| Dec 2025 | 0 | 0 |
| Jan 2026 | 0 | 0 |
| Feb 2026 | 0 | 0 |
| Mar 2026 | 1 | 0 |
| Apr 2026 | 0 | 0 |
| May 2026 | 0 | 0 |
| Jun 2026 | 0 | 1 |
| Jul 2026 | 0 | 0 |
| Aug 2026 | 0 | 17 |
| Sep 2026 | 1 | 0 |
| Oct 2026 | 0 | 1 |
Latest available
Insider transactions
Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”
The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.
| Transaction date | Owner / reported role | Activity / security | Shares / units | Reported price | Reported value | Details |
|---|---|---|---|---|---|---|
| September 05, 2017 Filed Sep 7, 2017 12:53 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 467 | $108.40 | $50,620.47 |
DisclosureSEC source: 0001127602-17-027116 · form4.xml · nonDerivative · entry 4 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,049 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:53 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 201 | $108.36 | $21,780.36 |
DisclosureSEC source: 0001127602-17-027116 · form4.xml · nonDerivative · entry 3 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,516 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:53 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 400 | $108.34 | $43,334.00 |
DisclosureSEC source: 0001127602-17-027116 · form4.xml · nonDerivative · entry 2 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,717 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:53 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.31 | $10,831.00 |
DisclosureSEC source: 0001127602-17-027116 · form4.xml · nonDerivative · entry 1 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,117 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 300 | $108.26 | $32,478.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 29 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,217 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $108.24 | $21,648.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 28 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,517 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.18 | $10,818.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 27 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,717 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $108.16 | $21,632.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 26 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 19,817 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 36 | $108.13 | $3,892.68 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 25 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,017 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 4 | $108.13 | $432.50 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 24 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,053 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.12 | $10,812.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 23 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,057 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.11 | $10,811.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 22 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,157 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 6 | $108.11 | $648.63 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 21 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,257 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.10 | $10,810.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 20 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,263 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 500 | $108.09 | $54,045.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 19 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,363 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.08 | $10,807.50 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 18 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,863 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $108.07 | $21,613.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 17 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 20,963 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 1,104 | $108.06 | $119,298.24 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 16 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 21,163 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.06 | $10,805.50 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 15 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,267 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 22 | $108.04 | $2,376.88 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 14 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,367 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 500 | $108.03 | $54,015.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 13 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,389 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.03 | $10,802.50 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 12 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,889 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 207 | $108.02 | $22,360.14 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 11 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 22,989 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 210 | $108.01 | $22,682.10 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 10 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,196 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $108.01 | $10,800.50 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 9 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,406 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 300 | $108.00 | $32,400.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 8 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,506 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 10 | $108.00 | $1,079.95 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 7 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,806 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $107.99 | $21,598.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 6 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 23,816 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 300 | $107.99 | $32,395.50 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 5 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,016 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 90 | $107.98 | $9,718.20 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 4 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,316 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 300 | $107.97 | $32,391.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 3 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,406 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $107.95 | $21,589.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 2 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,706 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:51 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $107.93 | $21,586.00 |
DisclosureSEC source: 0001127602-17-027114 · form4.xml · nonDerivative · entry 1 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 24,906 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
Exercise / conversionStock Options (Right to Buy) · Derivative | 8,374 | $0.00 Strike: $73.70 | $0.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · derivative · entry 31 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,124 Underlying: Common Stock · 8,374 shares Expires 2021-02-26 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
Exercise / conversionStock Options (Right to Buy) · Derivative | 6,165 | $0.00 Strike: $76.67 | $0.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · derivative · entry 30 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 18,495 Underlying: Common Stock · 6,165 shares Expires 2020-02-27 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $107.89 | $10,789.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 29 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,106 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $107.87 | $10,787.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 28 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,206 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $107.85 | $10,785.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 27 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,306 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $107.85 | $21,569.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 26 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,406 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 500 | $107.84 | $53,920.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 25 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 25,606 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $107.78 | $10,778.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 24 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,106 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $107.71 | $10,771.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 23 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,206 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 400 | $107.64 | $43,056.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 22 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,306 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 1 | $107.63 | $107.63 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 21 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,706 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 10 | $107.63 | $1,076.25 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 20 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,707 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 400 | $107.59 | $43,036.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 19 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 26,717 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 400 | $107.58 | $43,032.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 18 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,117 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 100 | $107.58 | $10,757.50 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 17 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,517 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 200 | $107.57 | $21,514.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 16 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,617 Read SEC document |
| September 05, 2017 Filed Sep 7, 2017 12:50 UTC |
Molho DavideCorporate Executive VP
|
SaleCommon Stock | 600 | $107.55 | $64,530.00 |
DisclosureSEC source: 0001127602-17-027112 · form4.xml · nonDerivative · entry 15 Molho Davide · CIK 0001507332 · Corporate Executive VP 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 27,817 Read SEC document |
Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.