Form 4: Clearwater Analytics CFO James Cox Reports Stock Transactions

James Cox, CFO of Clearwater Analytics Holdings, Inc., reports the vesting of Restricted Stock Units and subsequent tax withholding.

Summary

• On June 30, 2024, James Cox, the Chief Financial Officer 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) at a price of $0.00.
• Simultaneously, 1,584 shares were disposed of at $18.52 to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Cox directly owns 237,503 shares of Class A Common Stock and 43,750 unvested Restricted Stock Units.
• The RSUs vest in installments of 6.25% every three months, starting January 1, 2024, and settle within thirty days of each vesting date.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation activity. The vesting of RSUs is a positive sign of alignment, while the tax withholding is a standard procedure.

Positives

• The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.

Negatives

• The disposal of shares to cover tax obligations, while standard, slightly reduces the CFO's holdings.

Future Outlook

The CFO's remaining unvested RSUs will continue to vest quarterly until February 2028, aligning his compensation with the company's long-term performance.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, which are closely monitored by investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates