Form 4: Cardlytics CFO Alexis DeSieno Acquires Performance and Restricted Stock Units

Cardlytics' Chief Financial Officer, Alexis DeSieno, was granted performance-based and time-based restricted stock units on March 19, 2025.

Summary

• On March 19, 2025, Alexis DeSieno, the Chief Financial Officer of Cardlytics, Inc. (CDLX), acquired performance stock units (PSUs) and restricted stock units (RSUs).
• The transaction involved 50,625 PSUs, each representing a contingent right to receive one share of Cardlytics' common stock.
• These PSUs vest upon achievement of specified price per share targets, contingent upon continued employment.
• Additionally, DeSieno acquired 135,000 RSUs, each also representing a contingent right to receive one share of Cardlytics' common stock.
• 50% of the RSUs will vest on April 1, 2026, and the remaining 50% will vest in equal quarterly installments over the following year, also contingent upon continued employment.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.

Positives

• The granting of PSUs and RSUs aligns the CFO's interests with the long-term performance of the company.
• The vesting schedules incentivize continued employment and achievement of performance targets.

Risks

• The vesting of the PSUs is contingent on achieving specific share price targets, which may not be met.
• The vesting of both PSUs and RSUs is contingent on continued employment, creating a risk of forfeiture if employment terminates.

Future Outlook

The vesting of these equity awards is tied to future performance and continued employment, suggesting an expectation of growth and stability within the company.

Industry Context

Equity grants are a common practice in the technology industry to attract, retain, and incentivize key executives. The specific terms of the grants, such as vesting schedules and performance targets, are tailored to the company's specific goals and circumstances.

Comparison to Industry Standards

• Companies like Visa and Mastercard also use a mix of stock options, restricted stock units, and performance-based equity awards to incentivize their executives.
• The vesting schedules and performance metrics for these awards are typically aligned with the company's long-term strategic goals.
• The size of the equity grants is generally benchmarked against peer companies in the same industry and of similar market capitalization.

Stakeholder Impact

• Shareholders may view the equity grants positively as they align management's interests with the company's long-term success.
• Employees may see this as a positive sign of investment in leadership and future growth.

Key Dates

Keywords

Cardlytics, CDLX, Alexis DeSieno, CFO, Performance Stock Units, Restricted Stock Units, PSU, RSU, Vesting, Form 4