Form 4: Clearwater Analytics Executive Scott Erickson Reports Stock Transactions
SEC Form 4
Scott Erickson, Chief Revenue Officer of Clearwater Analytics, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On September 30, 2024, Scott Erickson, Chief Revenue Officer of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock.
- 3,125 shares were acquired upon the vesting of Restricted Stock Units (RSUs).
- 1,596 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, Erickson directly owns 7,969 shares of Class A Common Stock.
- He also holds 40,625 unvested Restricted Stock Units granted on February 28, 2024, which vest in quarterly installments over four years.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The reporting person will continue to vest in their remaining Restricted Stock Units over the next four years, with 6.25% vesting at the end of each 3-month period.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small portion of the total outstanding shares.
- Employees may be interested in the executive's stock transactions as an indicator of company performance and management's confidence.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of grant for the reported Restricted Stock Units. |
| 01/01/2024 | Starting date for the quarterly vesting schedule of the Restricted Stock Units. |
| 09/30/2024 | Date of the reported transactions: vesting of RSUs and tax withholding. |
| 10/01/2024 | Date of signature for the Form 4 filing. |
| 02/28/2034 | Expiration date of the reported Restricted Stock Units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.