Form 4: DigitalOcean Director Hilary Schneider Acquires Restricted Stock Units

Director Hilary Schneider acquired 441 restricted stock units (RSUs) of DigitalOcean Holdings, Inc. on June 30, 2024, at a price of $33.97 per share.

Summary

• On June 30, 2024, Hilary Schneider, a director of DigitalOcean Holdings, Inc., acquired 441 restricted stock units (RSUs).
• The price per share was $33.97.
• The RSUs were granted in lieu of quarterly retainer fees, according to the issuer's non-employee director compensation policy.
• The number of shares of RSUs is equal to $15,000 divided by $33.97, the average of the closing price of the Issuer's common stock on the NYSE for the 10 trading days prior to and ending on the date of grant.
• Following the transaction, Schneider directly owns 18,718 shares of DigitalOcean common stock.
• The RSUs are fully vested as of the date of grant.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future.
• The RSUs are fully vested immediately, aligning the director's interests with those of the shareholders.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This particular filing reflects standard compensation practices for non-employee directors.

Comparison to Industry Standards

• Director compensation packages often include a mix of cash retainers and equity grants, such as RSUs.
• The vesting schedule and grant size are generally benchmarked against peer companies to attract and retain qualified board members.
• Companies like Amazon, Microsoft, and Google also use RSU's as part of their compensation packages.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates