Form 4: CACI Executive J. William Koegel Reports Stock Transactions

EVP and General Counsel of CACI International, J. William Koegel, reports the vesting and subsequent disposal of restricted stock units and performance restricted stock units on October 1, 2024.

Summary

• On October 1, 2024, J. William Koegel, EVP and General Counsel of CACI International, reported transactions involving CACI common stock.
• These transactions included the vesting of performance restricted stock units (PRSUs) granted on 10/1/2020 (1,622 units) and 10/1/2021 (1,766 units), as well as restricted stock units (RSUs) granted on 10/1/2021 (566 units), 10/1/2022 (638 units), and 10/1/2023 (530 units).
• Koegel also disposed of shares to cover tax obligations related to the vesting of these units, with the price per share at $505.62.
• Additionally, Mr. Koegel was granted 989 restricted stock units and 989 performance restricted stock units on October 1, 2024.
• Following these transactions, Koegel directly owns 25,354 shares of CACI common stock, 989 restricted stock units, and 989 performance restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating stock transactions by an executive. The granting of new stock units is a positive sign, but the disposal of shares to cover taxes is a normal occurrence.

Positives

• The granting of new restricted stock units and performance restricted stock units to Mr. Koegel aligns his interests with the long-term performance of the company.

Future Outlook

The performance restricted stock units granted on October 1, 2024, will vest on the third anniversary of the grant date based on the achievement of a three-year performance measure, while the restricted stock units will vest 1/3 per year for three years.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's future prospects.

Comparison to Industry Standards

• Executive compensation packages, including grants of restricted stock units and performance-based units, are common practice among publicly traded companies like CACI International.
• Companies such as Booz Allen Hamilton and Leidos, which operate in similar sectors, also utilize stock-based compensation to incentivize and retain key personnel.
• The vesting schedules and performance metrics associated with these grants are typically aligned with industry benchmarks to ensure competitiveness and alignment with shareholder value creation.

Stakeholder Impact

• The transactions reported in this Form 4 filing may be of interest to shareholders as they provide insight into the actions of company executives.
• The granting of stock-based compensation can align the interests of management with those of shareholders.

Key Dates