Form 4: DoubleVerify Executive Julie Eddleman Reports Stock Transactions
SEC Form 4
Julie Eddleman, Global Chief Communications Officer of DoubleVerify Holdings, Inc., reports the acquisition and disposal of common stock and derivative securities, including Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), related to vesting and tax obligations.
Summary
- Julie Eddleman, Global Chief Communications Officer of DoubleVerify Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The report includes transactions involving common stock, Restricted Stock Units (RSUs), and Performance Stock Units (PSUs).
- On March 15, 2025, Eddleman acquired shares through the vesting of PSUs and RSUs.
- Simultaneously, shares were disposed of to satisfy tax obligations related to the vesting of these units.
- The transactions resulted in an increase in the total number of common stock shares beneficially owned by Eddleman, reaching 198,147 shares.
- She also holds 81,169 Restricted Stock Units granted on March 13, 2025, under the company's long-term incentive plan.
- These RSUs vest quarterly, starting on March 15, 2025.
- The report also details the vesting and settlement of previously granted RSUs and PSUs from December 2021, December 2022, December 2023, and March 2025.
- The price per share for shares withheld to cover tax obligations was $14.36.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive as it reflects routine executive compensation and increased holdings, indicating confidence in the company.
Positives
- The reporting person's holdings in the company have increased.
Future Outlook
The remaining unvested shares will vest at a rate of 6.25% on each quarterly anniversary of the vesting date.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions may have a minor positive impact on shareholder confidence due to the executive's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2021-12-10 | Date of grant for some of the Restricted Stock Units (RSUs). |
| 2022-12-12 | Date of grant for some of the Restricted Stock Units (RSUs). |
| 2023-12-19 | Date of grant for some of the Restricted Stock Units (RSUs) and Performance Stock Units (PSUs). |
| 2025-03-13 | Date of grant for some of the Restricted Stock Units (RSUs). |
| 2025-03-15 | Date of transactions including vesting of PSUs and RSUs, and shares withheld for tax obligations. |
| 2025-03-17 | Date of signature for the Form 4 filing. |
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