A Form 4 filed on August 25, 2026 discloses multiple Common Stock transactions on August 23, 2026 by Stephen W. Beard, Chairman and CEO of Covista Inc. (CVSA), reflecting the payout of performance share units and related tax withholding disposals.

Key Highlights

  • Reporting person: Stephen W. Beard, Chairman and CEO of Covista Inc.
  • Performance share payouts: 53,144 shares and 75,920 shares of Common Stock were acquired on August 23, 2026, each at $132.35, as payouts of performance share units awarded on November 8, 2023.
  • Tax withholding disposals: Three separate "F" code transactions disposed of 9,621 shares, 23,543 shares, and 33,633 shares of Common Stock, each at $132.35, to satisfy tax withholding obligations.
  • Resulting beneficial ownership: Following all reported transactions, Beard directly holds 477,464 shares of Common Stock.
  • All transactions: Reported as direct ownership; no indirect holdings reported.

Beard's Performance Share Payout and Tax Withholding Transactions at Covista Inc.

According to the filing, all five transactions occurred on August 23, 2026, involving shares of Covista Inc. Common Stock at a per-share price of $132.35. Two acquisitions (transaction code "A") reflect common stock issued in the payout of performance share units originally awarded on November 8, 2023. The first payout delivered 53,144 shares, bringing Beard's reported holdings to 458,720 shares directly owned at that point in the sequence. The second payout delivered 75,920 shares, increasing holdings to 511,097 shares.

Three disposal transactions (transaction code "F") accompanied the payouts. The filing states that the first disposal of 9,621 shares and the subsequent disposals of 23,543 shares and 33,633 shares each represent the satisfaction of tax withholding obligations upon vesting - the first tied to previously awarded restricted stock units, and the latter two tied to the vesting of the performance shares awarded. After all five transactions were recorded in sequence, Beard's directly held beneficial ownership of Common Stock stood at 477,464 shares, according to the filing.

The Form 4 was signed by Lawrence C. Bachman as attorney-in-fact for Mr. Beard and was filed on August 25, 2026. The filing identifies the issuer as Covista Inc. with ticker symbol CVSA. No derivative securities transactions were reported in Table II.

What Was Disclosed

The filing reports five Common Stock transactions by Covista Inc.'s Chairman and CEO on August 23, 2026, comprising two performance share unit payouts totaling 129,064 shares acquired and three tax withholding disposals totaling 66,797 shares, all at $132.35 per share.