Form 4: Box Inc. CFO Dylan C. Smith Reports Acquisition of 85,520 Shares Following PSU Vesting

Dylan C. Smith, CFO of Box Inc., reports acquiring 85,520 shares of Class A Common Stock following the vesting of performance-based restricted stock units (PSUs).

Summary

• On March 25, 2025, Dylan C. Smith, the Chief Financial Officer of Box Inc., acquired 85,520 shares of Class A Common Stock.
• This acquisition resulted from the vesting of performance-based restricted stock units (PSUs) granted on April 3, 2024.
• Following the transaction, Smith directly owns 1,505,853 shares of Box Inc.
• One-third of the PSUs will vest on April 2, 2025, with the remaining two-thirds vesting annually over the subsequent two years, contingent upon continuous service.
• Some of the shares are represented by restricted stock units (RSUs), each entitling Smith to one share of Common Stock, subject to vesting schedules and continuous service.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to executive compensation. The vesting of PSUs suggests performance targets were met, which is mildly positive.

Positives

• The vesting of PSUs indicates that performance criteria were met, which could be seen as a positive signal.

Future Outlook

One-third of the PSUs will vest on April 2, 2025, and the remaining two-thirds will vest annually thereafter for the next two years, subject to the Reporting Person's continuous service through each vesting date.

Industry Context

Form 4 filings are routine disclosures for company insiders and provide transparency regarding their transactions in the company's stock. This filing indicates activity by the CFO, which is always closely watched by investors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence due to the vesting of PSUs indicating the achievement of performance goals.

Key Dates

Keywords

Form 4, Beneficial Ownership, Dylan C. Smith, Chief Financial Officer, BOX Inc, PSUs, RSUs, Vesting, Shares