Form 4: CCC Intelligent Solutions Executive Marc Fredman Reports Stock Transactions
SEC Form 4 Filing
Marc Fredman, SVP and Chief Strategy Officer at CCC Intelligent Solutions Holdings Inc., reports acquisition and disposal of common stock related to performance restricted stock units.
Summary
- On February 27, 2025, Marc Fredman, SVP, Chief Strategy Officer of CCC Intelligent Solutions Holdings Inc., reported transactions involving the company's common stock.
- Fredman acquired 30,345 shares of common stock upon settlement of Performance Restricted Stock Units (PRSUs) granted on February 25, 2022.
- He also acquired 30,000 shares of common stock upon settlement of PRSUs granted on October 21, 2021.
- Fredman disposed of 18,180 shares of common stock at a price of $10.43 per share.
- Following these transactions, Fredman beneficially owns 234,257 shares of CCC Intelligent Solutions Holdings Inc.
- The reported transactions also include the settlement of derivative securities, specifically Performance Restricted Stock Units, resulting in the acquisition of 30,000 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard equity compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to equity compensation.
Comparison to Industry Standards
- Equity compensation is a common practice across the technology industry, with companies like Salesforce, Microsoft, and Oracle using restricted stock units and performance-based awards to incentivize and retain key employees.
- The vesting and settlement of these units are typically tied to performance metrics and continued employment, aligning employee interests with shareholder value.
- The size and structure of these awards vary widely based on the company's size, industry, and individual performance.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the normal course of equity compensation for a key executive.
- Employees may be impacted positively as they see the executive's compensation being tied to company performance.
Key Dates
| Date | Description |
|---|---|
| 2021-10-21 | Grant date of Performance Restricted Stock Units that were settled on 2025-02-27 |
| 2022-02-25 | Grant date of Performance Restricted Stock Units that were settled on 2025-02-27 |
| 2025-02-27 | Date of stock transactions (acquisition and disposal) and settlement of Performance Restricted Stock Units. |
| 2025-03-03 | Date of signature on the Form 4 filing. |
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