Form 4: Clearwater Analytics CFO James Cox Reports Stock Transactions
SEC Form 4
Clearwater Analytics CFO James Cox reports the vesting of restricted stock units and associated tax withholding.
Summary
- On September 30, 2024, James Cox, the CFO of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock.
- He acquired 3,125 shares upon the vesting of Restricted Stock Units (RSUs).
- 1,584 shares were disposed of to cover tax withholding obligations related to the vesting of these RSUs at a price of $25.25.
- Following these transactions, Cox directly owns 229,044 shares of Class A Common Stock.
- He also holds 40,625 unvested Restricted Stock Units granted on February 28, 2024.
- The RSUs vest in installments of 6.25% at the end of each 3-month period for the next 4 years following January 1, 2024.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock ownership, with no particularly positive or negative implications.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- Shareholders are informed about executive stock transactions, promoting transparency.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of RSU grant |
| 01/01/2024 | Start date for RSU vesting schedule |
| 09/30/2024 | Date of reported transactions (RSU vesting and tax withholding) |
| 10/01/2024 | Date of signature on the Form 4 |
| 02/28/2034 | Expiration date of the Restricted Stock Units |
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