Form 4: Atlassian Director Scott Belsky Acquires Restricted Stock Units

Atlassian director Scott Belsky was granted 1,048 restricted stock units on December 5, 2024, which will vest into Class A common stock.

Summary

• Scott Belsky, a director at Atlassian, received 1,048 restricted stock units on December 5, 2024.
• These restricted stock units were granted under the Atlassian Corporation Amended and Restated 2015 Share Incentive Plan.
• Each restricted stock unit represents the right to receive one share of Atlassian Class A common stock upon vesting.
• The vesting schedule for these units is determined by the terms of the underlying award.
• Following this transaction, Belsky directly owns 1,626 shares of Atlassian Class A common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is generally positive for aligning interests but not a major event.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The share incentive plan is a common method for incentivizing directors and employees.

Future Outlook

The restricted stock units will vest according to the terms of the underlying award, which will result in the issuance of Class A common stock to Scott Belsky at a future date.

Industry Context

Stock grants to directors are a common practice in the technology industry to align their interests with the long-term performance of the company.

Comparison to Industry Standards

• Many technology companies, such as Microsoft, Google, and Salesforce, use restricted stock units as part of their compensation packages for directors and executives.
• The vesting schedules for these units typically range from one to four years, with some companies using performance-based vesting criteria.
• The number of units granted varies based on the director's role, company performance, and industry benchmarks.

Stakeholder Impact

• The grant of restricted stock units to a director is generally viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates

Keywords

Atlassian, restricted stock units, stock grant, insider trading, share incentive plan, Class A common stock, director, Scott Belsky