Form 4: DoubleVerify Director Laura Desmond Reports Changes in Beneficial Ownership
SEC Form 4
Laura Desmond, a director at DoubleVerify Holdings, reported a transaction involving deferred compensation shares and restricted stock units.
Summary
- On January 1, 2025, Laura Desmond, a director of DoubleVerify Holdings, reported a transaction related to her beneficial ownership of the company's common stock.
- The transaction involved the acquisition of 5,709 shares of common stock at $0, resulting from a deferred compensation plan election.
- These shares were previously deferred under the Issuer's plan, with delivery scheduled for the earlier of 2025 or the end of her service as a Director.
- Desmond also indirectly owns 137,906 shares through the Laura B. Desmond Revocable Trust.
- The reported restricted stock units (RSUs) were granted on June 5, 2023, fully vested on May 23, 2024, and each represents the right to receive one share of common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Future Outlook
The delivery of the vested shares from the deferred compensation plan is scheduled for the earlier of 2025 or the end of Laura Desmond's service as a Director.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2023-06-05 | Restricted stock units (RSUs) were granted. |
| 2024-05-23 | Restricted stock units (RSUs) fully vested. |
| 2025-01-01 | Transaction date for the acquisition of common stock due to deferred compensation. |
| 2025-01-03 | Date of signature for the Form 4 filing. |
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