Form 4: DigitalOcean CFO Matt Steinfort Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
DigitalOcean's CFO, Matt Steinfort, reported the withholding of shares to cover tax obligations related to the vesting and settlement of restricted stock units.
Summary
- On March 1, 2024, DigitalOcean Holdings, Inc. CFO Matt Steinfort reported a transaction involving common stock.
- The transaction involved the withholding of 14,961 shares at a price of $37.92 per share.
- This withholding was to satisfy the reporting person's tax obligations related to the vesting and settlement of restricted stock units and performance-based restricted stock units.
- Following the transaction, Steinfort beneficially owns 557,319 shares of DigitalOcean common stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing related to executive compensation. It doesn't contain any particularly positive or negative information, but it does show that the CFO is continuing to hold a significant amount of company stock.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Share withholding for tax obligations. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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