Form 4: DoubleVerify CLO Earns 48,485 Performance Stock Units

DoubleVerify Holdings, Inc.'s Chief Legal Officer, Andrew E. Grimmig, had 48,485 performance stock units certified and scheduled for vesting.

Summary

• Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, Inc., had performance-based conditions for a previously granted performance stock unit (PSU) award certified.
• The original PSU grant on March 13, 2025, was for 40,584 units.
• Following certification by the Issuer's Compensation Committee on March 10, 2026, 48,485 shares were earned, indicating successful achievement of performance targets.
• 41.67% of these earned shares will vest and settle on March 15, 2026.
• The remaining 58.33% will vest at a rate of 8.33% on each quarterly anniversary of the March 15, 2026, vesting date.
• PSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive indicator of the company's performance, as the Chief Legal Officer earned more PSUs than initially granted, suggesting strong achievement of internal targets.

Positives

• The Chief Legal Officer successfully met performance-based conditions, resulting in the certification of 48,485 performance stock units.
• The number of earned shares (48,485) is higher than the original grant of 40,584 units, suggesting strong performance or achievement of stretch goals.

Future Outlook

The vesting schedule for the earned performance stock units extends beyond March 2026, with quarterly vesting events following the initial settlement, indicating a continued incentive for the Chief Legal Officer.

Industry Context

StockSavvy.ai notes that performance-based equity awards like PSUs are a common compensation tool in the technology and ad-tech industry, aligning executive incentives with company performance and long-term shareholder value creation. The successful certification of these units suggests the company met its internal performance targets for the period.

Stakeholder Impact

• Shareholders: The vesting of PSUs could lead to minor dilution over time as shares are issued, but it also signals successful performance against internal metrics, which is generally positive.
• Employees: Successful executive compensation tied to performance can boost morale and signal a healthy company.

Next Steps

• 41.67% of the earned shares will vest and settle on March 15, 2026.
• The remaining 58.33% of earned shares will vest at a rate of 8.33% on each quarterly anniversary of the March 15, 2026, vesting date.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation related to performance stock units. While the earning of more units than initially granted is a positive signal regarding internal performance, it is not a material event that would significantly alter the investment thesis for DoubleVerify Holdings, Inc. Investors should continue to hold based on broader company fundamentals and market conditions rather than this specific compensation event.

Keywords

DoubleVerify Holdings, DV, Performance Stock Units, PSU, Executive Compensation, Andrew E. Grimmig, SEC Form 4, Stock Grant, Vesting