Form 4: DoubleVerify Director Robert Davis Noell Acquires Restricted Stock Units

Robert Davis Noell, a director at DoubleVerify Holdings, Inc., acquired 10,724 restricted stock units on May 23, 2024, as part of the company's non-employee director compensation program.

Summary

• On May 23, 2024, Robert Davis Noell, a director of DoubleVerify Holdings, Inc., acquired 10,724 restricted stock units.
• These restricted stock units were granted as part of the annual equity grant under DoubleVerify's non-employee director compensation program.
• The restricted stock units convert into common stock on a one-for-one basis.
• The units vest on the earlier of May 23, 2025, or the date of DoubleVerify's 2025 Annual Meeting of Stockholders, contingent upon Mr. Noell's continued service.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard equity grant to a director, aligning interests with shareholders. There are no indications of negative news or concerns.

Positives

• The equity grant aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service by the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.

Industry Context

This filing is a routine disclosure of equity compensation for a company director, which is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Equity compensation for non-employee directors is a standard practice across publicly traded companies.
• The amount and vesting schedule of the restricted stock units are likely benchmarked against peer companies in the advertising technology sector.
• Companies like The Trade Desk, Magnite, and PubMatic also utilize equity grants as part of their director compensation packages.

Stakeholder Impact

• The equity grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• The vesting schedule incentivizes the director to remain engaged and contribute to the company's success.

Key Dates