Form 4: Digital Turbine Director Roy H. Chestnutt Receives Stock Grant

Roy H. Chestnutt, a director at Digital Turbine, Inc., received a grant of 24,000 shares of restricted common stock as part of his compensation.

Summary

• On July 31, 2024, Roy H. Chestnutt, a director of Digital Turbine, Inc., was granted 24,000 shares of restricted common stock.
• The grant is part of his 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 on October 31, 2024, January 31, 2025, April 30, 2025, and July 31, 2025.
• Unvested shares will automatically vest if Chestnutt 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 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 encourages continued service and commitment to the company.

Future Outlook

The grant of restricted stock suggests an expectation of continued service and contribution from the director.

Industry Context

Stock grants are a common form of compensation for non-employee directors, aligning their interests with the long-term performance of the company.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates