Form 4: CCC Intelligent Solutions Executive Brian Herb Reports Stock Transactions

Brian Herb, Executive Vice President, Chief Financial and Administrative Officer of CCC Intelligent Solutions Holdings, reports the acquisition and disposal of common stock and restricted stock units.

Summary

• On July 30, 2024, Brian Herb exercised 37,500 Restricted Stock Units (RSUs) for common stock at a price of $11.03.
• Also on July 30, 2024, Herb disposed of 16,613 shares of common stock to cover tax obligations at a price of $11.03.
• On July 31, 2024, Herb sold 20,887 shares of common stock at a price of $10.24.
• Following these transactions, Herb directly owns 217,872 shares of CCC Intelligent Solutions Holdings Inc. common stock.
• The initial grant of RSUs vests 25% annually over four years, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely watched by investors for insights into management's perspective on the company's value and future prospects. Form 4 filings are a standard part of regulatory compliance.

Comparison to Industry Standards

• Executive compensation packages often include a mix of salary, stock options, and restricted stock units (RSUs).
• The vesting schedule of 25% per year over four years is a fairly standard vesting schedule for RSUs.
• Executives often use 10b5-1 trading plans to sell shares in a pre-planned manner to avoid accusations of insider trading.
• Similar companies such as Guidewire Software and Duck Creek Technologies also utilize equity-based compensation for their executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of shares held by a key executive.
• The transactions are part of Brian Herb's compensation and personal financial management.

Key Dates