Thomas Rutledge
Insider
First SEC filing: May 28, 2026 · Latest: May 28, 2026
Insider at
Insider transactions
0 buys (P)
3 sells (S)
Net: $-12,732,795
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| May 27, 2026 | CHTRP | S | 9,100 | $146.92 | $1,336,972 | 0 Indirect | -100.00% | Disposed | -84.9% (price as of 2026-10-02) |
| May 27, 2026 | CHTRP | S | 9,100 | $146.96 | $1,337,336 | 0 Indirect | -100.00% | Disposed | -84.9% (price as of 2026-10-02) |
| May 26, 2026 | CHTRP | S | 69,633 | $144.45 | $10,058,487 | 3,968 Direct | -94.61% | Disposed | -84.6% (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | M | 904,200 | $222.92 | $201,564,264 | 923,643 Direct | +4650.52% | Acquired | -90.1% (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | F | 866,248 | $241.52 | $209,216,217 | 57,395 Direct | -93.79% | Disposed | -90.8% (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | M | 723,360 | $232.34 | $168,065,462 | 780,755 Direct | +1260.32% | Acquired | -90.5% (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | F | 708,561 | $241.55 | $171,152,910 | 72,194 Direct | -90.75% | Disposed | -90.8% (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | A | 918 | · | · | 73,112 Direct | +1.27% | Acquired | (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | A | 489 | · | · | 73,601 Direct | +0.67% | Acquired | (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | M | 904,200 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| April 21, 2026 | CHTRP | M | 723,360 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| April 22, 2025 | CHTRP | A | 365 | · | · | 19,443 Direct | +1.91% | Acquired | (price as of 2026-10-02) |
| April 22, 2025 | CHTRP | A | 684 | · | · | 19,078 Direct | +3.72% | Acquired | (price as of 2026-10-02) |
| Jan. 15, 2025 | CHTRP | M | 62,051 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Jan. 15, 2025 | CHTRP | F | 45,169 | $348.00 | $15,718,812 | 18,394 Direct | -71.06% | Disposed | -93.6% (price as of 2026-10-02) |
| Jan. 15, 2025 | CHTRP | M | 62,051 | $175.76 | $10,906,084 | 63,563 Direct | +4103.90% | Acquired | -87.4% (price as of 2026-10-02) |
| April 23, 2024 | CHTRP | A | 446 | · | · | 1,512 Direct | +41.84% | Acquired | (price as of 2026-10-02) |
| April 23, 2024 | CHTRP | A | 744 | · | · | 1,066 Direct | +231.06% | Acquired | (price as of 2026-10-02) |
| Nov. 30, 2023 | CHTRP | A | 121 | · | · | 322 Direct | +60.20% | Acquired | (price as of 2026-10-02) |
| Nov. 30, 2023 | CHTRP | A | 201 | · | · | 201 Direct | · | Acquired | (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 700 | $417.06 | $291,942 | 0 Direct | -100.00% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 1,800 | $416.75 | $750,150 | 700 Direct | -72.00% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 2,500 | $415.64 | $1,039,100 | 2,500 Direct | -50.00% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 5,433 | $414.43 | $2,251,598 | 5,000 Direct | -52.08% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 4,721 | $413.35 | $1,951,425 | 10,433 Direct | -31.15% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 8,288 | $412.41 | $3,418,054 | 15,154 Direct | -35.36% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 15,817 | $411.56 | $6,509,645 | 23,442 Direct | -40.29% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 16,869 | $410.58 | $6,926,074 | 39,259 Direct | -30.05% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 6,109 | $409.37 | $2,500,841 | 56,128 Direct | -9.82% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 4,334 | $408.37 | $1,769,876 | 62,237 Direct | -6.51% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 17, 2023 | CHTRP | S | 17,399 | $407.38 | $7,088,005 | 66,571 Direct | -20.72% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 200 | $420.23 | $84,046 | 83,970 Direct | -0.24% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 300 | $419.07 | $125,721 | 84,170 Direct | -0.36% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 1,400 | $418.48 | $585,872 | 84,470 Direct | -1.63% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 1,624 | $417.61 | $678,199 | 85,870 Direct | -1.86% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 401 | $416.64 | $167,073 | 87,494 Direct | -0.46% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 1,985 | $415.28 | $824,331 | 87,895 Direct | -2.21% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 3,500 | $413.12 | $1,445,920 | 89,880 Direct | -3.75% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 53,060 | $412.55 | $21,889,903 | 93,380 Direct | -36.23% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 19,795 | $411.55 | $8,146,632 | 146,440 Direct | -11.91% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 64,991 | $410.38 | $26,671,007 | 166,235 Direct | -28.11% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 16, 2023 | CHTRP | S | 8,500 | $409.52 | $3,480,920 | 231,226 Direct | -3.55% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | M | 74,137 | $175.76 | $13,030,319 | 0 Direct | -100.00% | Disposed | -87.4% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | M | 147,905 | $150.88 | $22,315,906 | 0 Direct | -100.00% | Disposed | -85.3% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | S | 4,800 | $417.17 | $2,002,416 | 132,798 Direct | -3.49% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | S | 9,780 | $416.17 | $4,070,143 | 137,598 Direct | -6.64% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | S | 30,637 | $415.33 | $12,724,465 | 147,378 Direct | -17.21% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | S | 6,422 | $414.46 | $2,661,662 | 178,015 Direct | -3.48% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | S | 16,949 | $413.18 | $7,002,988 | 184,437 Direct | -8.42% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | S | 19,315 | $412.27 | $7,962,995 | 201,386 Direct | -8.75% | Disposed | -94.6% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | F | 51,089 | $417.86 | $21,348,050 | 220,701 Direct | -18.80% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | M | 74,137 | $175.76 | $13,030,319 | 271,790 Direct | +37.51% | Acquired | -87.4% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | F | 97,197 | $417.86 | $40,614,738 | 197,653 Direct | -32.96% | Disposed | -94.7% (price as of 2026-10-02) |
| Nov. 14, 2023 | CHTRP | M | 147,905 | $150.88 | $22,315,906 | 294,850 Direct | +100.65% | Acquired | -85.3% (price as of 2026-10-02) |
| Aug. 25, 2023 | CHTRP | G | 9,100 | · | · | 45,071 Indirect | +25.30% | Acquired | (price as of 2026-10-02) |
| Aug. 25, 2023 | CHTRP | G | 9,100 | · | · | 146,945 Direct | -5.83% | Disposed | (price as of 2026-10-02) |
| Aug. 25, 2023 | CHTRP | G | 9,100 | · | · | 45,071 Indirect | +25.30% | Acquired | (price as of 2026-10-02) |
| Aug. 25, 2023 | CHTRP | G | 9,100 | · | · | 156,045 Direct | -5.51% | Disposed | (price as of 2026-10-02) |
| May 16, 2023 | CHTRP | J | 74,137 | · | · | 74,137 Direct | · | Acquired | (price as of 2026-10-02) |
| May 16, 2023 | CHTRP | J | 74,137 | · | · | 62,051 Indirect | -54.44% | Disposed | (price as of 2026-10-02) |
| May 16, 2023 | CHTRP | J | 147,905 | · | · | 147,905 Direct | · | Acquired | (price as of 2026-10-02) |
| May 16, 2023 | CHTRP | J | 147,905 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-02) |
| Feb. 22, 2023 | CHTRP | S | 10,000 | $383.64 | $3,836,400 | 35,971 Indirect | -21.75% | Disposed | -94.2% (price as of 2026-10-02) |
| Feb. 22, 2023 | CHTRP | S | 10,000 | $383.64 | $3,836,400 | 35,971 Indirect | -21.75% | Disposed | -94.2% (price as of 2026-10-02) |
| Feb. 22, 2023 | CHTRP | S | 5,000 | $383.64 | $1,918,200 | 17,493 Indirect | -22.23% | Disposed | -94.2% (price as of 2026-10-02) |
| Feb. 22, 2023 | CHTRP | S | 5,000 | $383.64 | $1,918,200 | 17,493 Indirect | -22.23% | Disposed | -94.2% (price as of 2026-10-02) |
| Jan. 17, 2023 | CHTRP | A | 110,225 | · | · | 110,225 Direct | · | Acquired | (price as of 2026-10-02) |
| Dec. 7, 2022 | CHTRP | J | 81,946 | · | · | 165,145 Direct | +98.49% | Acquired | (price as of 2026-10-02) |
| Dec. 7, 2022 | CHTRP | J | 81,946 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-02) |
| May 25, 2022 | CHTRP | J | 136,188 | · | · | 136,188 Indirect | · | Acquired | (price as of 2026-10-02) |
| May 25, 2022 | CHTRP | J | 136,188 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| May 25, 2022 | CHTRP | J | 147,905 | · | · | 147,905 Indirect | · | Acquired | (price as of 2026-10-02) |
| May 25, 2022 | CHTRP | J | 147,905 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Jan. 18, 2022 | CHTRP | A | 172,067 | $588.83 | $101,318,212 | 172,067 Direct | · | Acquired | -96.2% (price as of 2026-10-02) |
| Dec. 30, 2021 | CHTRP | G | 9,725 | · | · | 83,199 Direct | -10.47% | Disposed | (price as of 2026-10-02) |
| Dec. 29, 2021 | CHTRP | G | 14,440 | · | · | 92,924 Direct | -13.45% | Disposed | (price as of 2026-10-02) |
| Dec. 7, 2021 | CHTRP | J | 68,054 | · | · | 107,364 Direct | +173.12% | Acquired | (price as of 2026-10-02) |
| Dec. 7, 2021 | CHTRP | J | 68,054 | · | · | 81,946 Indirect | -45.37% | Disposed | (price as of 2026-10-02) |
| Nov. 23, 2021 | CHTRP | S | 44,894 | $675.29 | $30,316,469 | 3,579 Direct | -92.62% | Disposed | -96.7% (price as of 2026-10-02) |
| Nov. 22, 2021 | CHTRP | S | 43,106 | $674.34 | $29,068,100 | 48,473 Direct | -47.07% | Disposed | -96.7% (price as of 2026-10-02) |
| Aug. 23, 2021 | CHTRP | J | 35,731 | · | · | 39,310 Direct | +998.35% | Acquired | (price as of 2026-10-02) |
| Aug. 23, 2021 | CHTRP | J | 35,731 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-02) |
| Aug. 23, 2021 | CHTRP | G | 54,436 | · | · | 35,731 Indirect | -60.37% | Disposed | (price as of 2026-10-02) |
| April 26, 2021 | CHTRP | M | 60,282 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| April 26, 2021 | CHTRP | F | 27,935 | $654.87 | $18,293,793 | 91,579 Direct | -23.37% | Disposed | -96.6% (price as of 2026-10-02) |
| April 26, 2021 | CHTRP | M | 60,282 | $654.87 | $39,476,873 | 119,514 Direct | +101.77% | Acquired | -96.6% (price as of 2026-10-02) |
| Jan. 15, 2021 | CHTRP | A | 176,770 | $625.55 | $110,578,474 | 176,770 Direct | · | Acquired | -96.5% (price as of 2026-10-02) |
| Dec. 7, 2020 | CHTRP | J | 150,000 | · | · | 150,000 Indirect | · | Acquired | (price as of 2026-10-02) |
| Dec. 7, 2020 | CHTRP | J | 150,000 | · | · | 59,232 Direct | -71.69% | Disposed | (price as of 2026-10-02) |
| Nov. 23, 2020 | CHTRP | G | 46,607 | · | · | 209,232 Direct | -18.22% | Disposed | (price as of 2026-10-02) |
| Nov. 19, 2020 | CHTRP | G | 92,849 | · | · | 255,839 Direct | -26.63% | Disposed | (price as of 2026-10-02) |
| Nov. 16, 2020 | CHTRP | M | 180,840 | $59.28 | $10,720,195 | 0 Direct | -100.00% | Disposed | -62.6% (price as of 2026-10-02) |
| Nov. 16, 2020 | CHTRP | M | 203,445 | $59.28 | $12,060,220 | 0 Direct | -100.00% | Disposed | -62.6% (price as of 2026-10-02) |
| Nov. 16, 2020 | CHTRP | F | 92,738 | $643.69 | $59,694,523 | 348,688 Direct | -21.01% | Disposed | -96.6% (price as of 2026-10-02) |
| Nov. 16, 2020 | CHTRP | M | 180,840 | $59.28 | $10,720,195 | 441,426 Direct | +69.40% | Acquired | -62.6% (price as of 2026-10-02) |
| Nov. 16, 2020 | CHTRP | F | 104,341 | $643.06 | $67,097,523 | 260,586 Direct | -28.59% | Disposed | -96.6% (price as of 2026-10-02) |
| Nov. 16, 2020 | CHTRP | M | 203,445 | $59.28 | $12,060,220 | 364,927 Direct | +125.99% | Acquired | -62.6% (price as of 2026-10-02) |
| Nov. 3, 2020 | CHTRP | A | 195,022 | $597.16 | $116,459,338 | 195,022 Direct | · | Acquired | -96.3% (price as of 2026-10-02) |
| Aug. 20, 2020 | CHTRP | G | 28,642 | · | · | 22,566 Indirect | -55.93% | Disposed | (price as of 2026-10-02) |
| Aug. 20, 2020 | CHTRP | J | 22,566 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-02) |
Showing latest 100 of 159 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| April 21, 2026 | CHTRP | Stock Options | Class A Common Stock | $222.92 | April 25, 2026 | 904,200 | Disposed |
| April 21, 2026 | CHTRP | Stock Options | Class A Common Stock | $232.34 | April 26, 2026 | 723,360 | Disposed |
| Jan. 15, 2025 | CHTRP | Stock Options | Class A Common Stock | $175.76 | Jan. 15, 2025 | 62,051 | Disposed |
| Nov. 14, 2023 | CHTRP | Stock Options | Class A Common Stock | $175.76 | Jan. 15, 2025 | 74,137 | Disposed |
| Nov. 14, 2023 | CHTRP | Stock Options | Class A Common Stock | $150.88 | Jan. 15, 2024 | 147,905 | Disposed |
| May 16, 2023 | CHTRP | Stock Options | Class A Common Stock | $175.76 | Jan. 15, 2025 | 74,137 | Acquired |
| May 16, 2023 | CHTRP | Stock Options | Class A Common Stock | $175.76 | Jan. 15, 2025 | 74,137 | Disposed |
| May 16, 2023 | CHTRP | Stock Options | Class A Common Stock | $150.88 | Jan. 15, 2024 | 147,905 | Acquired |
| May 16, 2023 | CHTRP | Stock Options | Class A Common Stock | $150.88 | Jan. 15, 2024 | 147,905 | Disposed |
| Jan. 17, 2023 | CHTRP | Stock Options | Class A Common Stock | $387.38 | Jan. 17, 2033 | 110,225 | Acquired |
| May 25, 2022 | CHTRP | Stock Options | Class A Common Stock | $175.76 | Jan. 15, 2025 | 136,188 | Acquired |
| May 25, 2022 | CHTRP | Stock Options | Class A Common Stock | $175.76 | Jan. 15, 2025 | 136,188 | Disposed |
| May 25, 2022 | CHTRP | Stock Options | Class A Common Stock | $150.88 | Jan. 15, 2024 | 147,905 | Acquired |
| May 25, 2022 | CHTRP | Stock Options | Class A Common Stock | $150.88 | Jan. 15, 2024 | 147,905 | Disposed |
| Jan. 18, 2022 | CHTRP | Stock Options | Class A Common Stock | $588.83 | Jan. 18, 2032 | 172,067 | Acquired |
| April 26, 2021 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 60,282 | Disposed |
| Jan. 15, 2021 | CHTRP | Stock Options | Class A Common Stock | $625.55 | Jan. 15, 2031 | 176,770 | Acquired |
| Nov. 16, 2020 | CHTRP | Time Vesting Stock Options | Class A Common Stock | $59.28 | Dec. 19, 2021 | 180,840 | Disposed |
| Nov. 16, 2020 | CHTRP | Performance Vesting Stock Options | Class A Common Stock | $59.28 | Dec. 19, 2021 | 203,445 | Disposed |
| Nov. 3, 2020 | CHTRP | Stock Options | Class A Common Stock | $597.16 | Nov. 3, 2030 | 195,022 | Acquired |
| Sept. 2, 2020 | CHTRP | Restricted Stock Units | Class A Common Stock | · | April 25, 2026 | 40,186 | Disposed |
| June 17, 2020 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 20,093 | Disposed |
| April 27, 2020 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 20,093 | Disposed |
| Feb. 21, 2020 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 20,093 | Disposed |
| Dec. 20, 2019 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 20,093 | Disposed |
| Jan. 15, 2018 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 5,689 | Disposed |
| Jan. 15, 2017 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 6,627 | Acquired |
| April 26, 2016 | CHTRP | Performance Vesting Stock Options | Class A Common Stock | · | April 26, 2026 | 800,000 | Acquired |
| April 25, 2016 | CHTRP | Performance Vesting Stock Options | Class A Common Stock | · | April 25, 2026 | 1,000,000 | Acquired |
| April 25, 2016 | CHTRP | Restricted Stock Units | Class A Common Stock | · | · | 200,000 | Acquired |
| April 25, 2016 | CHTRP | Performance Vesting Stock Options | Class A Common Stock | $201.56 | April 25, 2026 | 1,800,000 | Acquired |
| Feb. 16, 2016 | CHTRP | Performance Vesting Stock Options | Class A Common Stock | $53.60 | Feb. 19, 2016 | 55,450 | Disposed |
| Dec. 22, 2015 | CHTRP | Performance Vesting Stock Options | Class A Common Stock | $53.60 | Feb. 19, 2016 | 166,350 | Disposed |
| Jan. 15, 2015 | CHTRP | Stock Options (3-Year Cliff) | Class A Common Stock | $158.92 | Jan. 15, 2025 | 150,618 | Acquired |
| Jan. 15, 2015 | CHTRP | Restricted Stock Units (3-Year Cliff) | Class A Common Stock | · | · | 6,292 | Acquired |
| Jan. 15, 2014 | CHTRP | Restricted Stock Units (3-Year Cliff) | Class A Common Stock | · | · | 7,330 | Acquired |
| Jan. 15, 2014 | CHTRP | Stock Options (3-Year Cliff) | Class A Common Stock | $136.43 | Jan. 15, 2024 | 163,576 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 4 holdings
Securities held when first becoming an insider, per SEC Form 3.
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2023 | $1,250,000 | · | · | · | $2,825,846 | · | $390,357 | $19,465,621 |
| 2022 | $2,447,115 | · | · | · | $6,364,251 | $-249,614 | $646,555 | $39,213,350 |
| 2021 | $2,500,000 | · | · | · | $8,901,000 | $59,302 | $395,552 | $41,860,263 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.