Form 4: Digital Turbine CFO Stephen Lasher Awarded Stock Options and Restricted Stock Units

Digital Turbine's CFO, Stephen Andrew Lasher, received 500,000 stock options and 500,000 restricted stock units on February 6, 2025.

Summary

• Stephen Andrew Lasher, the CFO of Digital Turbine, Inc., was granted 500,000 restricted stock units (RSUs) and 500,000 employee stock options on February 6, 2025.
• The RSUs will vest one-third on the first anniversary of the grant date and then pro rata quarterly after the first anniversary through the third anniversary of the grant date.
• The stock options have an exercise price of $4.99, equal to the closing price of Digital Turbine's common stock on the grant date, and will vest similarly to the RSUs.
• The options expire on February 6, 2035.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, suggesting stability and alignment of interests. The sentiment is neutral to positive.

Positives

• The grant of RSUs and stock options aligns the CFO's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the CFO.

Future Outlook

The document does not contain any specific forward-looking statements beyond the vesting schedule of the granted securities.

Industry Context

Grants of stock options and restricted stock units are common practices for incentivizing and retaining key executives in publicly traded companies, particularly in the technology sector.

Comparison to Industry Standards

• Equity compensation packages for CFOs in similar-sized tech companies typically include a mix of stock options and restricted stock units.
• The vesting schedule of one-third on the first anniversary followed by pro rata quarterly vesting is a fairly standard arrangement.
• The exercise price being equal to the closing price on the grant date is also a common practice.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning management's interests with the company's long-term success.
• Employees may see this as a positive sign of the company investing in its leadership.

Key Dates