Form 4: DoubleVerify Executive Acquires Shares Following Performance Stock Unit Vesting

Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, Inc., reports the acquisition of 10,107 shares of common stock following the vesting of performance stock units.

Summary

• On March 10, 2025, Andrew E. Grimmig, the Chief Legal Officer of DoubleVerify Holdings, Inc., filed a Form 4 to report changes in beneficial ownership.
• The report details the acquisition of 10,107 shares of DoubleVerify common stock.
• These shares were acquired through the vesting of performance stock units (PSUs) granted on December 19, 2023.
• The vesting was contingent upon performance-based conditions, which were certified by the Issuer's Compensation Committee on March 6, 2025.
• 41.67% of the earned shares will vest and settle on March 15, 2025, with the remaining shares vesting quarterly thereafter.
• The PSUs convert into common stock on a one-for-one basis.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing related to executive compensation. The vesting of PSUs suggests the achievement of performance goals, which is mildly positive.

Positives

• The vesting of performance stock units indicates that performance goals were met, which could be seen as a positive sign for the company's performance.

Future Outlook

41.67% of the earned shares will vest and settle on March 15, 2025, and the remainder of the earned shares will vest at a rate of 8.33% on each quarterly anniversary of the 2025 Vesting Date.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Comparison to Industry Standards

• Equity compensation, including performance stock units, is a common practice among publicly traded companies to align management's interests with those of shareholders.
• The vesting schedule described (41.67% initially, then 8.33% quarterly) is a fairly standard approach to equity compensation vesting.

Stakeholder Impact

• The vesting of shares may have a minor dilutive effect on existing shareholders.

Key Dates