Form 4: DoubleVerify CFO Nicola T. Allais Reports Stock Transactions Following RSU Vesting

Nicola T. Allais, CFO of DoubleVerify Holdings, Inc., reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of company stock.

Summary

• On June 15, 2024, Nicola T. Allais, the CFO of DoubleVerify Holdings, Inc., engaged in transactions involving the company's common stock related to the vesting of restricted stock units (RSUs).
• These transactions included the acquisition of shares upon the vesting of RSUs and the simultaneous disposal of shares to cover tax obligations.
• Specifically, 2,489 RSUs granted on December 10, 2021, vested, resulting in the acquisition of 2,489 shares.
• Additionally, 4,063 RSUs granted on December 12, 2022, vested, resulting in the acquisition of 4,063 shares.
• Furthermore, 3,034 RSUs granted on December 19, 2023, vested, resulting in the acquisition of 3,034 shares.
• To satisfy tax obligations, 1,377 shares were withheld at a price of $18.70 per share related to the vesting of the 2,489 RSUs.
• Similarly, 2,247 shares were withheld at a price of $18.70 per share related to the vesting of the 4,063 RSUs.
• Also, 1,678 shares were withheld at a price of $18.70 per share related to the vesting of the 3,034 RSUs.
• Following these transactions, Allais directly owns 77,314 shares of DoubleVerify Holdings, Inc. common stock and holds 42,476 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive interests with long-term shareholder value.
• Tax withholding upon vesting is a standard practice to cover income tax obligations.
• Companies like The Trade Desk (TTD) and Magnite (MGNI), which operate in similar digital advertising spaces, also utilize equity-based compensation for their executives.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
• Employees holding RSUs may be interested in the vesting schedule and tax implications.

Key Dates