Form 4: CS Disco Director James Offerdahl Receives Stock Award
SEC Form 4 Filing
Director James Offerdahl receives 24,958 restricted stock units in CS Disco, Inc.
Summary
- James Offerdahl, a director of CS Disco, Inc. (LAW), received 24,958 restricted stock units (RSUs) on June 13, 2024.
- The RSUs vest in four equal quarterly installments starting from June 13, 2024, and will be fully vested before the 2025 annual meeting of stockholders, contingent upon continuous service to the issuer.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and aligns director interests with shareholders.
Positives
- The grant of RSUs to a director aligns their interests with those of the shareholders.
- The vesting schedule encourages continued service and commitment to the company.
Future Outlook
The vesting of the RSUs is contingent upon the Reporting Person's continuous service to the Issuer through each vesting date.
Industry Context
Stock awards are a common form of compensation for directors and executives in publicly traded companies, aligning their interests with those of shareholders.
Stakeholder Impact
- Shareholders: The stock award aligns the director's interests with those of the shareholders.
- Employees: The stock award may have a positive impact on employee morale.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of the transaction: James Offerdahl received 24,958 restricted stock units. |
| 06/13/2024 | Vesting start date: RSUs vest in four equal quarterly installments measured from this date. |
| 2025 Annual Meeting | RSUs shall become fully vested as of the day immediately preceding the Issuer's 2025 annual meeting of stockholders, if sooner. |
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