Form 4: CCC Intelligent Solutions Executive Settles Performance Restricted Stock Units

Mary Jo Prigge, Executive Vice President at CCC Intelligent Solutions Holdings, settled performance restricted stock units (PRSUs) and acquired common stock on February 27, 2025.

Summary

• On February 27, 2025, Mary Jo Prigge, an Executive Vice President at CCC Intelligent Solutions Holdings Inc., settled performance restricted stock units (PRSUs).
• She received 30,345 shares of common stock upon settlement of PRSUs granted on February 25, 2022.
• Additionally, 37,500 shares were acquired upon settlement of PRSUs granted on October 21, 2021.
• 20,198 shares were disposed of at a price of $10.43.
• Following these transactions, Prigge directly owns 144,915 shares of common stock and indirectly owns 769,085 shares through a trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider transactions. The acquisition of shares through PRSU settlement is generally positive, but the disposal of some shares tempers the overall sentiment.

Positives

• The settlement of PRSUs indicates that performance targets were likely met, which is a positive signal.

Negatives

• The disposal of 20,198 shares could be interpreted negatively, although the reason for disposal is not specified.

Risks

• The document does not explicitly mention any risks.

Industry Context

Form 4 filings are standard disclosures for corporate insiders and provide transparency into their transactions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency of insider transactions.
• Companies like Guidewire Software and Duck Creek Technologies, which operate in similar sectors, also have executives who file Form 4s regularly to report changes in their beneficial ownership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by signaling management's confidence (or lack thereof) in the company's future performance.

Key Dates