Form 4: Clearwater Analytics CFO James Cox Awarded 215,982 RSUs

Clearwater Analytics Holdings, Inc. Chief Financial Officer James S Cox was granted 215,982 Restricted Stock Units, which will vest over two years starting January 2026.

Summary

• James S Cox, Chief Financial Officer of Clearwater Analytics Holdings, Inc. (CWAN), was granted 215,982 Restricted Stock Units (RSUs).
• The transaction date for this grant was February 11, 2026.
• Each RSU represents a right to receive one share of the issuer's Class A Common Stock.
• The RSUs have a conversion or exercise price of $0.00, which is typical for RSU grants.
• The vesting schedule dictates that 12.5% of the RSUs will vest at the end of each 3-month period for the next two years, commencing January 1, 2026.
• Vested shares will settle within thirty days of the applicable vesting date.
• Following this transaction, James S Cox beneficially owns 215,982 derivative securities (RSUs) directly.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as the RSU grant strengthens the alignment of the CFO's interests with long-term shareholder value, which is generally favorable for corporate governance and performance incentives.

Positives

• The grant of 215,982 Restricted Stock Units to the Chief Financial Officer aligns management's interests with those of shareholders, incentivizing long-term performance.
• The vesting schedule over two years encourages retention of key executive talent.

Future Outlook

The future outlook indicates that the Chief Financial Officer's ownership stake in Clearwater Analytics Holdings, Inc. will increase over the next two years as the granted Restricted Stock Units vest, starting January 1, 2026, and settling within thirty days of each vesting date.

Industry Context

StockSavvy.ai notes that the grant of Restricted Stock Units to a Chief Financial Officer is a standard practice in the technology and financial services industries for executive compensation. This method is widely used to align executive incentives with long-term shareholder value creation and to promote executive retention, consistent with practices observed at peer companies.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) as a component of executive compensation is a common practice across the technology and financial software sectors, aligning with industry standards for incentivizing leadership.
• The vesting schedule of 12.5% quarterly over two years is a typical structure designed to promote long-term commitment and performance, comparable to equity compensation plans at companies like BlackRock (BLK) for its Aladdin platform executives or SS&C Technologies (SSNC) for its financial software leadership.

Stakeholder Impact

• Shareholders: The RSU grant aligns the Chief Financial Officer's financial interests with long-term shareholder value creation, potentially leading to more focused strategic decisions.
• Employees: While not directly impacting all employees, executive compensation practices can influence overall company morale and perception of fairness.
• Management: The grant provides a significant incentive for the Chief Financial Officer to remain with the company and contribute to its sustained growth and profitability.

Next Steps

• The Restricted Stock Units will begin vesting on January 1, 2026, with 12.5% vesting every three months for two years.
• Vested shares will be settled and delivered to the Chief Financial Officer within thirty days of each applicable vesting date.

Key Dates

Recommendation

The RSU grant to the CFO is a standard compensation event that aligns management incentives with shareholder interests, which is a positive for corporate governance. However, it does not fundamentally alter the company's immediate financial outlook or operational performance to warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, acknowledging the positive alignment without suggesting a new investment action based solely on this filing.

Keywords

Clearwater Analytics, CWAN, Restricted Stock Units, RSU, Insider Transaction, Executive Compensation, James S Cox, Form 4