Form 4: DigitalOcean Director Hilary Schneider Acquires Shares Through Restricted Stock Units

Director Hilary Schneider acquired 449 shares of DigitalOcean Holdings, Inc. through restricted stock units (RSUs) in lieu of quarterly retainer fees.

Summary

• On March 31, 2025, Hilary Schneider, a director of DigitalOcean Holdings, Inc., acquired 449 shares of common stock.
• The acquisition was made through restricted stock units (RSUs) granted in lieu of quarterly retainer fees.
• The price per share was $36.13, based on the average closing price of DigitalOcean'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 19,858 shares of DigitalOcean common stock.
• The RSUs are fully vested as of the date of grant.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's acquisition of shares indicates confidence in the company, but it's a routine transaction.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The use of RSUs in lieu of cash retainer fees conserves company cash.

Industry Context

This type of equity compensation is common for directors of publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Granting RSUs to non-employee directors is a standard practice among publicly traded companies, including those in the tech sector like Amazon, Microsoft, and Google.
• The value of the RSU grant ($16,250) appears to be in line with typical director compensation packages, although the specific amount can vary based on company size, performance, and board responsibilities.
• Companies like Snowflake and Datadog also use equity grants as part of their director compensation packages.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.

Key Dates

Keywords

DigitalOcean, Director, Hilary Schneider, RSU, Restricted Stock Units, Share Acquisition, Form 4, DOCN