Form 4: Digital Turbine Director Jeff Karish Receives Stock Grant as Compensation

Jeff Karish, a director at Digital Turbine, Inc., was granted 24,000 shares of restricted common stock as compensation for his services as a non-employee director.

Summary

• Jeff Karish, a director of Digital Turbine, Inc., received a grant of 24,000 shares of restricted common stock on July 31, 2024.
• The grant is part of his compensation for serving as a non-employee director from August 1, 2024, through July 31, 2025.
• The shares vest in four equal quarterly installments, starting October 31, 2024, and ending July 31, 2025.
• An accelerated vesting clause is in place for the final quarter of shares if Karish is not re-elected or nominated for re-election at the annual meeting of stockholders, provided the meeting occurs before the final vesting date.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, indicating stability and alignment of interests. It's a neutral-positive event.

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The document does not contain explicit forward-looking statements beyond the vesting schedule of the stock grant.

Industry Context

Stock grants are a common form of compensation for directors, particularly in technology companies, to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Director compensation packages vary widely across the tech industry, but equity grants are a standard component.
• Companies like Google (Alphabet Inc.) and Meta (Facebook) also use stock options and restricted stock units as part of their director compensation.
• The size of the grant is typical for a company of Digital Turbine's size and market capitalization.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns the director's interests with the company's long-term success.
• The director is incentivized to contribute to the company's growth and profitability.

Key Dates