Form 4: Asure Software CEO Patrick Goepel Receives 80,000 Restricted Stock Units

Asure Software's CEO, Patrick Goepel, was granted 80,000 restricted stock units on January 1, 2025, according to a recent SEC filing.

Summary

• Patrick Goepel, the Chairman and CEO of Asure Software, Inc., received 80,000 restricted stock units on January 1, 2025.
• These restricted stock units vest over a three-year period.
• One-third of the units vest on the first anniversary of the grant date.
• The remaining two-thirds vest in equal quarterly installments over the subsequent two years, with the final vesting date being the third anniversary of the grant date.
• Following this transaction, Mr. Goepel beneficially owns 1,221,997 shares of Asure Software common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management's interests with shareholders. There are no negative implications.

Positives

• The grant of restricted stock units aligns the CEO's interests with the long-term performance of the company.
• The vesting schedule encourages long-term commitment from the CEO.

Industry Context

This type of stock grant is a common practice for compensating executives in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice across the technology industry, particularly for executive roles.
• Companies like Paylocity and Workday also use stock grants as part of their executive compensation packages.
• The vesting schedule of 1/3rd on the first anniversary and the remaining 2/3rds over the next two years is a fairly standard vesting schedule.

Stakeholder Impact

• The stock grant could be viewed positively by shareholders as it incentivizes the CEO to focus on long-term value creation.
• The vesting schedule ensures the CEO's commitment to the company's success over the next three years.

Key Dates

Keywords

restricted stock units, stock grant, executive compensation, insider trading, beneficial ownership, Asure Software, Patrick Goepel