Form 4: DoubleVerify CFO Nicola T. Allais Reports Acquisition of Performance Stock Units

Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., reports the acquisition of 12,864 performance stock units that converted to common stock after the satisfaction of performance-based conditions.

Summary

• On March 6, 2025, Nicola T. Allais, the CFO of DoubleVerify Holdings, Inc., reported the acquisition of 12,864 performance stock units (PSUs).
• These PSUs were part of a larger grant of 24,272 units awarded on December 19, 2023.
• The acquisition was triggered by the certification of performance-based conditions by the Issuer's Compensation Committee on March 6, 2025.
• 41.67% of the earned shares will vest and settle on March 15, 2025, with the remaining shares vesting quarterly at a rate of 8.33%.
• The PSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing the acquisition of performance stock units by the CFO. It is neither overtly positive nor negative, but the vesting of PSUs suggests the company is meeting its performance goals.

Positives

• The vesting of performance stock units indicates that the company has met certain performance targets set by the Compensation Committee.
• The CFO's acquisition of shares could be seen as a positive sign, aligning her interests with those of the shareholders.

Future Outlook

The remaining earned shares will vest at a rate of 8.33% on each quarterly anniversary of the 2025 Vesting Date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's acquisition of shares based on pre-set performance criteria, which is a common practice in executive compensation.

Stakeholder Impact

• Shareholders may view the vesting of performance stock units as a positive sign, indicating that the company is achieving its performance targets.
• The CFO's increased stake in the company aligns her interests with those of the shareholders.

Next Steps

• 41.67% of the earned shares will vest and settle on March 15, 2025.
• The remainder of the earned shares will vest at a rate of 8.33% on each quarterly anniversary of the 2025 Vesting Date.

Key Dates