Form 4: DoubleVerify CFO Nicola T. Allais Reports Changes in Beneficial Ownership
SEC Form 4
Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., reports transactions involving common stock and restricted stock units, resulting in adjustments to their beneficial ownership.
Summary
- On March 15, 2025, Nicola T. Allais, the CFO of DoubleVerify Holdings, Inc., engaged in transactions involving the company's common stock and derivative securities.
- These transactions included the vesting and settlement of performance stock units (PSUs) and restricted stock units (RSUs).
- Shares were also withheld to satisfy tax obligations related to the vesting of these units.
- As a result of these transactions, Allais's direct ownership of DoubleVerify common stock changed, with the final holding being 98,839 shares.
- Additionally, Allais holds 108,225 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining unvested shares vest at a rate of 6.25% on each quarterly anniversary of the 2025 Vesting Date for RSUs and 8.33% on each quarterly anniversary of the 2025 Vesting Date for PSUs.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It reflects the ongoing vesting schedule of equity grants.
Comparison to Industry Standards
- Equity compensation is a standard practice in the tech industry to incentivize and retain key executives.
- The vesting schedules described are typical, with quarterly vesting being a common arrangement.
- Companies like Google, Meta, and Amazon also utilize RSUs and PSUs as part of their compensation packages.
Stakeholder Impact
- The vesting of equity awards can have a minor dilutive effect on existing shareholders.
- Executive compensation is always of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 2021-12-10 | Date of grant for some of the RSUs that vested on March 15, 2025 |
| 2022-12-12 | Date of grant for some of the RSUs that vested on March 15, 2025 |
| 2023-12-19 | Date of grant for some of the RSUs and PSUs that vested on March 15, 2025 |
| 2025-03-13 | Date of grant for some of the RSUs that vested on March 15, 2025 |
| 2025-03-15 | Date of transactions involving common stock and derivative securities (PSUs and RSUs) |
| 2025-03-17 | Date of signature for the Form 4 filing |
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