Form 4: Director Lucy Dobrin Reports Equity Grant at DoubleVerify
Statement of Changes in Beneficial Ownership
Director Lucy Stamell Dobrin reported the vesting of restricted stock units and a new annual equity grant at DoubleVerify Holdings, Inc.
Summary
- Director Lucy Stamell Dobrin vested 14,609 restricted stock units (RSUs) on May 21, 2026.
- The vested shares were transferred to Providence Equity Partners L.L.C. per internal policy.
- The director received a new grant of 20,000 time-based RSUs on May 21, 2026, as part of the annual non-employee director compensation program.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding director compensation and equity ownership.
Positives
- The transaction reflects standard annual equity compensation for board members, aligning director interests with long-term shareholder value.
Negatives
- None identified; this is a routine regulatory disclosure of director compensation.
Risks
- Vesting of the new 20,000 RSUs is subject to the director's continued service through May 21, 2027, or the 2027 Annual Meeting.
Future Outlook
The director remains subject to continued service requirements for the vesting of the 20,000 newly granted RSUs.
Industry Context
StockSavvy.ai notes that routine equity grants for non-employee directors are standard practice in the technology and digital advertising sectors to ensure board retention and alignment with corporate performance.
Comparison to Industry Standards
- The equity grant structure is consistent with standard corporate governance practices for publicly traded companies in the SaaS and AdTech industries.
Related Party Transactions
- The vested shares were transferred to Providence Equity Partners L.L.C. in accordance with the firm's internal policy.
Stakeholder Impact
- Minimal impact on shareholders as this represents standard director compensation.
Next Steps
- Vesting of 20,000 RSUs on May 21, 2027, or the date of the 2027 Annual Meeting.
Key Dates
| Date | Description |
|---|---|
| 05/21/2025 | Original grant date of the RSUs that vested in 2026. |
| 05/21/2026 | Date of RSU vesting and new RSU grant. |
| 05/22/2026 | Date of filing. |
| 05/21/2027 | Vesting date for the new 20,000 RSU grant. |
Keywords
DoubleVerify, DV, Form 4, Insider Trading, Director Compensation, Equity Grant
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