Form 4: DoubleVerify CFO Nicola T. Allais Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
DoubleVerify's Chief Financial Officer, Nicola T. Allais, reported the vesting and subsequent tax-related sale of restricted stock units on December 15, 2024.
Summary
- Nicola T. Allais, the Chief Financial Officer of DoubleVerify Holdings, Inc., reported transactions involving restricted stock units (RSUs) and common stock.
- On December 15, 2024, a total of 9,586 RSUs vested, which were granted on December 10, 2021, December 12, 2022, and December 19, 2023.
- The vesting of these RSUs resulted in the acquisition of 9,586 shares of common stock.
- Simultaneously, a total of 5,302 shares were sold at a price of $20.08 per share to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Allais beneficially owns 85,882 shares of common stock and 36,408 restricted stock units.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation, which is neither positive nor negative for the company's performance. The sentiment is neutral to slightly positive as it indicates the executive is receiving their compensation.
Industry Context
This is a routine filing related to executive compensation and is common for companies that use stock-based compensation.
Comparison to Industry Standards
- The vesting schedule of 6.25% quarterly is a common practice for RSU grants in the tech industry.
- The sale of shares to cover tax obligations is a standard procedure for executives receiving stock-based compensation.
- Many companies such as The Trade Desk, Magnite, and PubMatic also use RSUs as part of their compensation packages.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares compared to the total outstanding shares.
- The transactions are part of the executive compensation plan and do not indicate any change in the company's financial health.
Key Dates
| Date | Description |
|---|---|
| 12/10/2021 | Date of grant for some of the restricted stock units that vested on 12/15/2024. |
| 12/12/2022 | Date of grant for some of the restricted stock units that vested on 12/15/2024. |
| 12/19/2023 | Date of grant for some of the restricted stock units that vested on 12/15/2024. |
| 12/15/2024 | Date of RSU vesting and related stock transactions. |
| 12/17/2024 | Date of filing of the SEC Form 4. |
Keywords
DoubleVerify, stock, restricted stock units, RSU, vesting, insider trading, Nicola T. Allais, CFO, tax obligations
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