Form 4: Digital Turbine Director Receives Stock Grant as Compensation

Director Holly Hess Groos received 24,000 shares of Digital Turbine stock as compensation for services as a non-employee director.

Summary

• Holly Hess Groos, a director of Digital Turbine, Inc., received 24,000 shares of common stock on July 31, 2024.
• The shares were granted as part of her compensation for services as a non-employee director for the period of August 1, 2024, through July 31, 2025.
• The shares vest in four equal quarterly increments, starting October 31, 2024, and ending July 31, 2025.
• If Groos is not re-elected or nominated for re-election and the annual meeting occurs before the final vesting date, the last quarter of unvested shares will automatically vest.

Sentiment

Score: 7

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

Positives

• The stock grant aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the board.

Industry Context

Director compensation through stock grants is a common practice in publicly traded companies to align the interests of directors with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Stock grants for non-employee directors are a standard practice across the industry.
• The size of the grant and the vesting schedule are typical for companies of Digital Turbine's size and market capitalization.
• Comparable companies like PubMatic and ironSource also utilize equity-based compensation for their board members.

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