William Guyer
First SEC filing: June 4, 2026 · Latest: June 4, 2026
Insider at
Insider transactions
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 |
|---|---|---|---|---|---|---|---|---|---|
| Sept. 1, 2026 | CORT | A | 164 | $113.38 | $18,594 | 4,149 Direct | +4.12% | Acquired | 2.5% (price as of 2026-10-02) |
| Sept. 1, 2026 | CORT | A | 164 | · | · | 4,313 Direct | +3.95% | Acquired | (price as of 2026-10-02) |
| Aug. 10, 2026 | CORT | M | 16,300 | $21.65 | $352,895 | 20,285 Direct | +409.03% | Acquired | 436.9% (price as of 2026-10-02) |
| Aug. 10, 2026 | CORT | S 10b5-1 | 11,530 | $113.18 | $1,304,965 | 8,755 Direct | -56.84% | Disposed | 2.7% (price as of 2026-10-02) |
| Aug. 10, 2026 | CORT | S 10b5-1 | 4,770 | $114.04 | $543,971 | 3,985 Direct | -54.48% | Disposed | 1.9% (price as of 2026-10-02) |
| Aug. 10, 2026 | CORT | M | 16,300 | · | · | 110,000 Direct | -12.91% | Disposed | (price as of 2026-10-02) |
| Aug. 4, 2026 | CORT | M | 3,700 | $21.65 | $80,105 | 7,685 Direct | +92.85% | Acquired | 436.9% (price as of 2026-10-02) |
| Aug. 4, 2026 | CORT | S 10b5-1 | 3,700 | $113.12 | $418,544 | 3,985 Direct | -48.15% | Disposed | 2.7% (price as of 2026-10-02) |
| Aug. 4, 2026 | CORT | M | 3,700 | · | · | 126,300 Direct | -2.85% | Disposed | (price as of 2026-10-02) |
| July 7, 2026 | CORT | S 10b5-1 | 952 | $93.54 | $89,050 | 3,985 Direct | -19.28% | Disposed | 24.3% (price as of 2026-10-02) |
| July 7, 2026 | CORT | M | 20,000 | · | · | 130,000 Direct | -13.33% | Disposed | (price as of 2026-10-02) |
| July 7, 2026 | CORT | S 10b5-1 | 19,048 | $93.11 | $1,773,559 | 4,937 Direct | -79.42% | Disposed | 24.8% (price as of 2026-10-02) |
| July 7, 2026 | CORT | M | 20,000 | $21.65 | $433,000 | 23,985 Direct | +501.88% | Acquired | 436.9% (price as of 2026-10-02) |
| June 2, 2026 | CORT | M | 20,000 | · | · | 150,000 Direct | -11.76% | Disposed | (price as of 2026-10-02) |
| June 2, 2026 | CORT | S 10b5-1 | 20,000 | $70.60 | $1,412,000 | 3,985 Direct | -83.39% | Disposed | 64.6% (price as of 2026-10-02) |
| June 2, 2026 | CORT | M | 20,000 | $21.65 | $433,000 | 23,985 Direct | +501.88% | Acquired | 436.9% (price as of 2026-10-02) |
| June 1, 2026 | CORT | A | 877 | · | · | 3,985 Direct | +28.22% | Acquired | (price as of 2026-10-02) |
| June 1, 2026 | CORT | A | 877 | $70.44 | $61,776 | 3,108 Direct | +39.31% | Acquired | 65.0% (price as of 2026-10-02) |
| May 5, 2026 | CORT | M | 20,000 | · | · | 170,000 Direct | -10.53% | Disposed | (price as of 2026-10-02) |
| May 5, 2026 | CORT | S 10b5-1 | 20,000 | $51.83 | $1,036,600 | 2,231 Direct | -89.96% | Disposed | 124.3% (price as of 2026-10-02) |
| May 5, 2026 | CORT | M | 20,000 | $21.65 | $433,000 | 22,231 Direct | +896.46% | Acquired | 436.9% (price as of 2026-10-02) |
| April 7, 2026 | CORT | M | 20,000 | · | · | 190,000 Direct | -9.52% | Disposed | (price as of 2026-10-02) |
| April 7, 2026 | CORT | S 10b5-1 | 20,000 | $40.97 | $819,400 | 2,231 Direct | -89.96% | Disposed | 183.7% (price as of 2026-10-02) |
| April 7, 2026 | CORT | M | 20,000 | $21.65 | $433,000 | 22,231 Direct | +896.46% | Acquired | 436.9% (price as of 2026-10-02) |
| March 20, 2026 | CORT | M | 11,767 | · | · | 210,000 Direct | -5.31% | Disposed | (price as of 2026-10-02) |
| March 20, 2026 | CORT | S 10b5-1 | 11,767 | $36.01 | $423,730 | 2,231 Direct | -84.06% | Disposed | 222.8% (price as of 2026-10-02) |
| March 20, 2026 | CORT | M | 11,767 | $21.65 | $254,756 | 13,998 Direct | +527.43% | Acquired | 436.9% (price as of 2026-10-02) |
| March 4, 2026 | CORT | M | 8,233 | · | · | 221,767 Direct | -3.58% | Disposed | (price as of 2026-10-02) |
| March 4, 2026 | CORT | S 10b5-1 | 8,233 | $35.99 | $296,306 | 2,231 Direct | -78.68% | Disposed | 223.0% (price as of 2026-10-02) |
| March 4, 2026 | CORT | M | 8,233 | $21.65 | $178,244 | 10,464 Direct | +369.03% | Acquired | 436.9% (price as of 2026-10-02) |
| March 2, 2026 | CORT | A | 498 | · | · | 2,231 Direct | +28.74% | Acquired | (price as of 2026-10-02) |
| March 2, 2026 | CORT | A | 498 | $35.97 | $17,913 | 1,733 Direct | +40.32% | Acquired | 223.1% (price as of 2026-10-02) |
| Feb. 27, 2026 | CORT | A | 140,000 | · | · | 140,000 Direct | · | Acquired | (price as of 2026-10-02) |
| Feb. 3, 2026 | CORT | M | 20,000 | · | · | 230,000 Direct | -8.00% | Disposed | (price as of 2026-10-02) |
| Feb. 3, 2026 | CORT | S 10b5-1 | 20,000 | $40.87 | $817,400 | 1,235 Direct | -94.18% | Disposed | 184.4% (price as of 2026-10-02) |
| Feb. 3, 2026 | CORT | M | 20,000 | $21.65 | $433,000 | 21,235 Direct | +1619.43% | Acquired | 436.9% (price as of 2026-10-02) |
| Jan. 6, 2026 | CORT | M | 20,000 | · | · | 250,000 Direct | -7.41% | Disposed | (price as of 2026-10-02) |
| Jan. 6, 2026 | CORT | S 10b5-1 | 20,000 | $35.18 | $703,600 | 1,235 Direct | -94.18% | Disposed | 230.4% (price as of 2026-10-02) |
| Jan. 6, 2026 | CORT | M | 20,000 | $21.65 | $433,000 | 21,235 Direct | +1619.43% | Acquired | 436.9% (price as of 2026-10-02) |
| Dec. 2, 2025 | CORT | M | 20,000 | · | · | 270,000 Direct | -6.90% | Disposed | (price as of 2026-10-02) |
| Dec. 2, 2025 | CORT | S 10b5-1 | 640 | $80.88 | $51,763 | 1,235 Direct | -34.13% | Disposed | 43.7% (price as of 2026-10-02) |
| Dec. 2, 2025 | CORT | S 10b5-1 | 19,360 | $80.05 | $1,549,768 | 1,875 Direct | -91.17% | Disposed | 45.2% (price as of 2026-10-02) |
| Dec. 2, 2025 | CORT | M | 20,000 | $21.65 | $433,000 | 21,235 Direct | +1619.43% | Acquired | 436.9% (price as of 2026-10-02) |
| Dec. 2, 2025 | CORT | J | 787 | · | · | 1,235 Direct | +175.67% | Acquired | (price as of 2026-10-02) |
| Dec. 2, 2025 | CORT | G | 787 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-02) |
| Dec. 1, 2025 | CORT | A | 224 | · | · | 448 Direct | +100.00% | Acquired | (price as of 2026-10-02) |
| Dec. 1, 2025 | CORT | A | 224 | $79.78 | $17,871 | 224 Direct | · | Acquired | 45.7% (price as of 2026-10-02) |
| Nov. 25, 2025 | CORT | S | 4,500 | $80.90 | $364,050 | 787 Indirect | -85.11% | Disposed | 43.7% (price as of 2026-10-02) |
| Nov. 25, 2025 | CORT | S | 4,500 | $80.90 | $364,050 | 787 Direct | -85.11% | Disposed | 43.7% (price as of 2026-10-02) |
| Nov. 17, 2025 | CORT | J | 5,287 | · | · | 5,287 Indirect | · | Acquired | (price as of 2026-10-02) |
| Nov. 17, 2025 | CORT | G | 5,287 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Nov. 5, 2025 | CORT | S 10b5-1 | 300 | $76.28 | $22,884 | 5,287 Direct | -5.37% | Disposed | 52.4% (price as of 2026-10-02) |
| Nov. 5, 2025 | CORT | S 10b5-1 | 13,164 | $75.64 | $995,725 | 5,587 Direct | -70.20% | Disposed | 53.7% (price as of 2026-10-02) |
| Nov. 5, 2025 | CORT | S 10b5-1 | 6,536 | $74.75 | $488,566 | 18,751 Direct | -25.85% | Disposed | 55.5% (price as of 2026-10-02) |
| Nov. 5, 2025 | CORT | M | 20,000 | $21.65 | $433,000 | 25,287 Direct | +378.29% | Acquired | 436.9% (price as of 2026-10-02) |
| Nov. 5, 2025 | CORT | M | 20,000 | · | · | 290,000 Direct | -6.45% | Disposed | (price as of 2026-10-02) |
| Oct. 7, 2025 | CORT | M | 20,000 | $21.65 | $433,000 | 25,287 Direct | +378.29% | Acquired | 436.9% (price as of 2026-10-02) |
| Oct. 7, 2025 | CORT | S 10b5-1 | 20,000 | $89.94 | $1,798,800 | 5,287 Direct | -79.09% | Disposed | 29.2% (price as of 2026-10-02) |
| Oct. 7, 2025 | CORT | M | 20,000 | · | · | 310,000 Direct | -6.06% | Disposed | (price as of 2026-10-02) |
| Sept. 19, 2025 | CORT | G | 200 | · | · | 5,287 Direct | -3.64% | Disposed | (price as of 2026-10-02) |
| Sept. 2, 2025 | CORT | M | 20,000 | · | · | 330,000 Direct | -5.71% | Disposed | (price as of 2026-10-02) |
| Sept. 2, 2025 | CORT | S 10b5-1 | 4,406 | $70.85 | $312,165 | 5,487 Direct | -44.54% | Disposed | 64.1% (price as of 2026-10-02) |
| Sept. 2, 2025 | CORT | S 10b5-1 | 15,594 | $70.39 | $1,097,662 | 9,893 Direct | -61.18% | Disposed | 65.1% (price as of 2026-10-02) |
| Sept. 2, 2025 | CORT | M | 20,000 | $21.65 | $433,000 | 25,487 Direct | +364.50% | Acquired | 436.9% (price as of 2026-10-02) |
| Aug. 8, 2025 | CORT | M | 35,007 | · | · | 350,000 Direct | -9.09% | Disposed | (price as of 2026-10-02) |
| Aug. 8, 2025 | CORT | S 10b5-1 | 35,007 | $71.77 | $2,512,452 | 5,487 Direct | -86.45% | Disposed | 61.9% (price as of 2026-10-02) |
| Aug. 8, 2025 | CORT | M | 35,007 | $21.65 | $757,902 | 40,494 Direct | +638.00% | Acquired | 436.9% (price as of 2026-10-02) |
| Aug. 5, 2025 | CORT | M | 14 | · | · | 385,007 Direct | 0.00% | Disposed | (price as of 2026-10-02) |
| Aug. 5, 2025 | CORT | S 10b5-1 | 14 | $71.77 | $1,005 | 5,487 Direct | -0.25% | Disposed | 61.9% (price as of 2026-10-02) |
| Aug. 5, 2025 | CORT | M | 14 | $21.65 | $303 | 5,501 Direct | +0.26% | Acquired | 436.9% (price as of 2026-10-02) |
| July 18, 2025 | CORT | M | 500 | · | · | 385,021 Direct | -0.13% | Disposed | (price as of 2026-10-02) |
| July 18, 2025 | CORT | S 10b5-1 | 500 | $73.44 | $36,720 | 5,487 Direct | -8.35% | Disposed | 58.3% (price as of 2026-10-02) |
| July 18, 2025 | CORT | M | 500 | $21.65 | $10,825 | 5,987 Direct | +9.11% | Acquired | 436.9% (price as of 2026-10-02) |
| July 17, 2025 | CORT | M | 4,379 | · | · | 385,521 Direct | -1.12% | Disposed | (price as of 2026-10-02) |
| July 17, 2025 | CORT | S 10b5-1 | 4,379 | $73.48 | $321,769 | 5,487 Direct | -44.38% | Disposed | 58.2% (price as of 2026-10-02) |
| July 17, 2025 | CORT | M | 4,379 | $21.65 | $94,805 | 9,866 Direct | +79.81% | Acquired | 436.9% (price as of 2026-10-02) |
| July 1, 2025 | CORT | M | 100 | · | · | 389,900 Direct | -0.03% | Disposed | (price as of 2026-10-02) |
| July 1, 2025 | CORT | S 10b5-1 | 100 | $73.50 | $7,350 | 5,487 Direct | -1.79% | Disposed | 58.1% (price as of 2026-10-02) |
| July 1, 2025 | CORT | M | 100 | $21.65 | $2,165 | 5,587 Direct | +1.82% | Acquired | 436.9% (price as of 2026-10-02) |
| June 10, 2025 | CORT | M | 20,000 | · | · | 390,000 Direct | -4.88% | Disposed | (price as of 2026-10-02) |
| June 10, 2025 | CORT | S 10b5-1 | 3,082 | $72.75 | $224,216 | 5,487 Direct | -35.97% | Disposed | 59.8% (price as of 2026-10-02) |
| June 10, 2025 | CORT | S 10b5-1 | 16,918 | $72.36 | $1,224,186 | 8,569 Direct | -66.38% | Disposed | 60.6% (price as of 2026-10-02) |
| June 10, 2025 | CORT | M | 20,000 | $21.65 | $433,000 | 25,487 Direct | +364.50% | Acquired | 436.9% (price as of 2026-10-02) |
| May 16, 2025 | CORT | M | 32,262 | · | · | 410,000 Direct | -7.29% | Disposed | (price as of 2026-10-02) |
| May 16, 2025 | CORT | S 10b5-1 | 32,262 | $74.17 | $2,392,873 | 5,487 Direct | -85.46% | Disposed | 56.7% (price as of 2026-10-02) |
| May 16, 2025 | CORT | M | 32,262 | $21.65 | $698,472 | 37,749 Direct | +587.97% | Acquired | 436.9% (price as of 2026-10-02) |
| May 6, 2025 | CORT | M | 7,060 | · | · | 442,262 Direct | -1.57% | Disposed | (price as of 2026-10-02) |
| May 6, 2025 | CORT | S 10b5-1 | 7,060 | $74.31 | $524,629 | 5,487 Direct | -56.27% | Disposed | 56.4% (price as of 2026-10-02) |
| May 6, 2025 | CORT | M | 7,060 | $21.65 | $152,849 | 12,547 Direct | +128.67% | Acquired | 436.9% (price as of 2026-10-02) |
| April 1, 2025 | CORT | M | 678 | · | · | 449,322 Direct | -0.15% | Disposed | (price as of 2026-10-02) |
| April 1, 2025 | CORT | S 10b5-1 | 678 | $114.51 | $77,638 | 5,487 Direct | -11.00% | Disposed | 1.5% (price as of 2026-10-02) |
| April 1, 2025 | CORT | M | 678 | $21.65 | $14,679 | 6,165 Direct | +12.36% | Acquired | 436.9% (price as of 2026-10-02) |
| March 4, 2025 | CORT | M | 20,000 | · | · | 30,000 Direct | -40.00% | Disposed | (price as of 2026-10-02) |
| March 4, 2025 | CORT | S 10b5-1 | 20,000 | $59.07 | $1,181,400 | 5,487 Direct | -78.47% | Disposed | 96.8% (price as of 2026-10-02) |
| March 4, 2025 | CORT | M | 20,000 | $19.26 | $385,200 | 25,487 Direct | +364.50% | Acquired | 503.5% (price as of 2026-10-02) |
| Feb. 28, 2025 | CORT | A | 140,000 | · | · | 140,000 Direct | · | Acquired | (price as of 2026-10-02) |
| Dec. 2, 2024 | CORT | F | 309 | $57.68 | $17,823 | 5,487 Direct | -5.33% | Disposed | 101.5% (price as of 2026-10-02) |
| Nov. 4, 2024 | CORT | M | 3,394 | · | · | 450,000 Direct | -0.75% | Disposed | (price as of 2026-10-02) |
| Nov. 4, 2024 | CORT | S 10b5-1 | 3,394 | $48.97 | $166,204 | 5,796 Direct | -36.93% | Disposed | 137.3% (price as of 2026-10-02) |
| Nov. 1, 2024 | CORT | M | 6,606 | · | · | 453,394 Direct | -1.44% | Disposed | (price as of 2026-10-02) |
Showing latest 100 of 138 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 |
|---|---|---|---|---|---|---|---|
| Aug. 10, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 16,300 | Disposed |
| Aug. 4, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 3,700 | Disposed |
| July 7, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| June 2, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| May 5, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| April 7, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| March 20, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 11,767 | Disposed |
| March 4, 2026 | CORT | Stock Option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 8,233 | Disposed |
| Feb. 27, 2026 | CORT | Stock Option (right to buy) | Common Stock | $35.70 | Feb. 27, 2036 | 140,000 | Acquired |
| Feb. 3, 2026 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| Jan. 6, 2026 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| Dec. 2, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| Nov. 5, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| Oct. 7, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| Sept. 2, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| Aug. 8, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 35,007 | Disposed |
| Aug. 5, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 14 | Disposed |
| July 18, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 500 | Disposed |
| July 17, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 4,379 | Disposed |
| July 1, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 100 | Disposed |
| June 10, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 20,000 | Disposed |
| May 16, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 32,262 | Disposed |
| May 6, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 7,060 | Disposed |
| April 1, 2025 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 678 | Disposed |
| March 4, 2025 | CORT | Stock option (right to buy) | Common Stock | $19.26 | Feb. 2, 2032 | 20,000 | Disposed |
| Feb. 28, 2025 | CORT | Stock option (right to buy) | Common Stock | $60.58 | Feb. 28, 2035 | 140,000 | Acquired |
| Nov. 4, 2024 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 3,394 | Disposed |
| Nov. 1, 2024 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 6,606 | Disposed |
| Oct. 1, 2024 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 10,000 | Disposed |
| Sept. 3, 2024 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 10,000 | Disposed |
| Aug. 1, 2024 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 10,000 | Disposed |
| July 1, 2024 | CORT | Stock option (right to buy) | Common Stock | $21.65 | Sept. 1, 2031 | 10,000 | Disposed |
| June 3, 2024 | CORT | Stock option (right to buy) | Common Stock | $19.26 | Feb. 2, 2032 | 10,000 | Disposed |
| May 28, 2024 | CORT | Stock option (right to buy) | Common Stock | $19.26 | Feb. 2, 2032 | 30,000 | Disposed |
| Feb. 9, 2024 | CORT | Stock option (right to buy) | Common Stock | $23.01 | Feb. 9, 2034 | 200,000 | Acquired |
| Dec. 22, 2023 | CORT | Stock Option (right to buy) | Common Stock | $19.26 | Feb. 2, 2032 | 10,000 | Disposed |
| Feb. 13, 2023 | CORT | Stock option (right to buy) | Common Stock | $23.06 | Feb. 12, 2033 | 200,000 | Acquired |
| Feb. 2, 2022 | CORT | Stock Option (Right to Buy) | Common Stock | $19.26 | Feb. 1, 2032 | 100,000 | Acquired |
| Sept. 1, 2021 | CORT | Stock Option (Right to Buy) | Common Stock | $21.65 | Aug. 31, 2031 | 500,000 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $706,387 | $429,600 | $17,871 | · | · | · | $23,500 | $6,340,445 |
| 2024 | $656,210 | $510,198 | · | · | · | · | $23,000 | $3,993,627 |
| 2023 | $628,167 | $379,800 | $60,871 | · | · | · | $22,602 | $3,856,200 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.