Form 4: Definitive Healthcare Corp. Executive Kate Marie Shamsuddin Reports Share Transaction
SEC Form 4 Filing
Chief Operating Officer of Definitive Healthcare Corp., Kate Marie Shamsuddin, reports a transaction involving the withholding of 1,044 Class A Common Stock shares to cover tax obligations.
Summary
- Kate Marie Shamsuddin, the Chief Operating Officer of Definitive Healthcare Corp., reported a transaction on December 14, 2024.
- The transaction involved the withholding of 1,044 shares of Class A Common Stock.
- These shares were withheld by the issuer to satisfy tax obligations related to the vesting of previously reported restricted stock units.
- Following the transaction, Ms. Shamsuddin beneficially owns 427,515 shares of Class A Common Stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing related to executive compensation. It does not indicate any positive or negative sentiment, but is a normal part of business operations.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the standard practice of withholding shares to cover tax liabilities associated with vesting equity awards.
Comparison to Industry Standards
- The reporting of share transactions by company executives is a standard practice across publicly traded companies.
- Similar filings are regularly made by executives at companies like Veeva Systems, IQVIA, and athenahealth, which are also in the healthcare technology sector.
- The withholding of shares for tax obligations is a common method of handling equity compensation, aligning with industry norms.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax withholding event.
- The transaction does not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 12/14/2024 | Date of the share transaction. |
| 12/17/2024 | Date the form was signed by Matthew Ruderman, Attorney-in-Fact. |
Keywords
Definitive Healthcare Corp, insider trading, Form 4, share transaction, stock withholding, executive compensation, Class A Common Stock, tax obligations, restricted stock units
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