Form 4: Clearwater Analytics CFO James S. Cox Reports Stock Transactions

Clearwater Analytics CFO James S. Cox reports the acquisition and disposition of Class A Common Stock and Restricted Stock Units (RSUs) on March 31, 2024.

Summary

• On March 31, 2024, James S. Cox, CFO of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
• He acquired 3,125 shares of Class A Common Stock at $0.00 per share due to the vesting of Restricted Stock Units.
• He disposed of 1,584 shares of Class A Common Stock at $17.69 per share to cover tax withholding obligations.
• Following these transactions, Cox directly owns 235,962 shares of Class A Common Stock.
• He also holds 46,875 unvested Restricted Stock Units, which vest quarterly over the next four years.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and reflect standard executive compensation practices. The vesting of RSUs suggests confidence in the company's future performance.

Positives

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

Negatives

• The sale of shares to cover tax obligations, while routine, slightly reduces the CFO's direct holdings in the company.

Risks

• No specific risks are apparent from this filing, as the transactions seem to be standard practice for executive compensation.

Future Outlook

The document outlines the vesting schedule for the reported RSUs, indicating a continued vesting of equity over the next four years.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders. This filing is typical for executives receiving equity-based compensation.

Comparison to Industry Standards

• Equity compensation, including RSUs, is a common practice among publicly traded companies to incentivize executives.
• The vesting schedule of 6.25% quarterly over four years is a standard vesting arrangement.
• Similar companies like Black Knight, Envestnet, and SS&C Technologies also utilize equity-based compensation for their executives.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are part of standard executive compensation.
• Shareholders may view the vesting of RSUs as a positive sign, aligning management's interests with the company's long-term success.

Key Dates