Form 4: DHI Group's Chief Technology Officer Receives 80,000 Shares of Restricted Stock
SEC Form 4 Filing
Paul Farnsworth, Chief Technology Officer of DHI Group, Inc., acquired 80,000 shares of restricted stock on January 27, 2025, according to a Form 4 filing with the SEC.
Summary
- Paul Farnsworth, the Chief Technology Officer of DHI Group, Inc. (DHX), reported a transaction on January 27, 2025, where he acquired 80,000 shares of common stock.
- These shares were granted as restricted stock, meaning they will vest over time.
- The vesting schedule is as follows: 1/3 on January 27, 2026, 1/3 on January 27, 2027, and 1/3 on January 27, 2028.
- Vesting is contingent upon Farnsworth's continuous service with DHI Group, Inc. through each vesting date.
- Following this transaction, Farnsworth beneficially owns 646,796 shares of DHI Group, Inc. common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns interests between management and shareholders.
Future Outlook
The vesting schedule indicates a commitment to retain the Chief Technology Officer for the next three years.
Industry Context
Stock grants are a common practice in the tech industry to incentivize and retain key personnel.
Stakeholder Impact
- Shareholders may view the stock grant as a positive sign of aligning management's interests with the company's long-term performance.
- Employees may see this as a positive sign of the company investing in its leadership.
Key Dates
| Date | Description |
|---|---|
| 01/27/2025 | Date of transaction: Paul Farnsworth acquired 80,000 shares of restricted stock. |
| 01/27/2026 | First vesting date: 1/3 of the restricted stock vests. |
| 01/27/2027 | Second vesting date: 1/3 of the restricted stock vests. |
| 01/27/2028 | Third vesting date: Final 1/3 of the restricted stock vests. |
| 01/29/2025 | Date of signature on the Form 4 filing. |
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