Form 4: Definitive Healthcare Corp. Executive Chairman Reports Changes in Beneficial Ownership

Jason Ronald Krantz, Executive Chairman of Definitive Healthcare Corp., reports transactions involving Class A Common Stock, including acquisitions and disposals to cover tax obligations.

Summary

• Jason Ronald Krantz, the Executive Chairman of Definitive Healthcare Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock.
• On January 21, 2025, Krantz acquired 178,582 shares of Class A Common Stock related to performance-based restricted stock units (PSUs) at a price of $0.
• On the same date, 22,615 shares were disposed of to cover tax obligations at a price of $4.41.
• On February 1, 2025, an additional 56,976 shares were disposed of to cover tax obligations at a price of $4.86.
• Following these transactions, Krantz directly owns 966,395 shares of Class A Common Stock and indirectly owns 450,000 shares through a trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations. The acquisition of shares through PSUs is a slightly positive signal.

Positives

• The acquisition of 178,582 shares indicates confidence in the company's performance, as these shares are tied to the achievement of certain performance criteria.

Future Outlook

The PSUs will vest in three substantially equal installments as to 1/3rd on January 21, 2025, 1/3rd on February 1, 2026, and the remaining 1/3rd on February 1, 2027 and will be settled pursuant to the terms of the Issuer's 2021 Equity Incentive Plan (as amended from time to time), in each case subject to the Reporting Person's continued service with the Issuer through each such vesting date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors as they can provide insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting schedules and performance criteria associated with the PSUs are typical components of executive compensation plans in publicly traded companies.
• Tax withholding obligations resulting in the disposal of shares are a common occurrence when stock options or restricted stock units vest.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely to be minimal.

Key Dates

Keywords

Definitive Healthcare Corp, Jason Ronald Krantz, Form 4, Beneficial Ownership, Class A Common Stock, PSUs, Tax Withholding