Form 4: DocuSign Director Daniel D. Springer Acquires Shares Through Vesting of Restricted Stock Units

Director Daniel D. Springer acquired 1,068 shares of DocuSign common stock through the vesting of restricted stock units.

Summary

• Daniel D. Springer, a director at DocuSign, acquired 1,068 shares of common stock on November 29, 2024.
• These shares were acquired through the vesting of restricted stock units (RSUs).
• The RSUs were granted with a vest commencement date of May 29, 2024, and vest quarterly over one year.
• Mr. Springer now directly owns 895,332 shares of DocuSign common stock and indirectly owns 139,825 shares through a trust.
• The transaction was reported on December 3, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to equity compensation. It is a positive sign that the director is meeting the vesting conditions, but it is not a major event that would significantly impact the company's outlook.

Positives

• The vesting of RSUs indicates that the director is meeting the conditions of their grant.
• The increase in share ownership by a director can be seen as a positive sign of confidence in the company.

Industry Context

This is a routine filing related to the vesting of equity compensation for a company director, which is a common practice in publicly traded companies.

Comparison to Industry Standards

• Equity compensation, such as RSUs, is a standard practice for directors and executives in publicly traded companies like DocuSign.
• The vesting schedule of quarterly installments over one year is also a common practice.
• Similar filings are regularly made by directors and officers of other tech companies such as Adobe, Salesforce, and Oracle.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows the director's continued alignment with the company's success.

Key Dates

Keywords

DocuSign, Director, Daniel D. Springer, Restricted Stock Units, RSU, Share Acquisition, Vesting, Beneficial Ownership, SEC Form 4