Form 4: DocuSign Director Acquires Shares Through Vesting of Restricted Stock Units

Director Mary Agnes Wilderotter acquired 1,068 shares of DocuSign common stock through the vesting of restricted stock units.

Summary

• Mary Agnes Wilderotter, a director at DocuSign, acquired 1,068 shares of common stock on November 29, 2024.
• The acquisition was a result of the vesting of restricted stock units (RSUs).
• These RSUs were granted with a vest commencement date of May 29, 2024, and vest quarterly over one year.
• The director now directly owns 55,479 shares of DocuSign common stock.
• The transaction did not involve any monetary payment as the shares were acquired through vesting.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The vesting of RSUs indicates that the director is meeting the service requirements of the grant.
• The increase in share ownership aligns the director's interests with those of the shareholders.

Industry Context

This is a routine transaction related to executive compensation and is common in publicly traded companies. It reflects the vesting of equity awards granted to directors as part of their compensation package.

Comparison to Industry Standards

• The vesting of restricted stock units is a standard practice for compensating directors and executives in publicly traded companies.
• Many companies use similar vesting schedules, often quarterly or annually, over a period of one to four years.
• The specific terms of the vesting schedule, such as the one-year vesting period with quarterly installments, are common in the tech industry.

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

Keywords

DocuSign, Director, Stock Acquisition, Restricted Stock Units, RSU, Share Ownership, Vesting