Form 4: DoubleVerify Holdings Executive Grimmig Reports Stock Transactions
SEC Form 4
Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, reports the vesting and settlement of restricted stock units into common stock.
Summary
- On September 15, 2024, Andrew E. Grimmig, the Chief Legal Officer of DoubleVerify Holdings, Inc., reported the vesting and settlement of restricted stock units.
- These transactions involved the conversion of restricted stock units into common stock.
- Specifically, 1,493 units from a grant on December 10, 2021, 2,500 units from a grant on December 12, 2022, and 2,384 units from a grant on December 19, 2023, were vested and settled.
- The price for each of these transactions was $0.
- Following these transactions, Grimmig directly owns 55,230 shares of common stock and holds 30,989 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies as part of executive compensation packages.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| December 10, 2021 | Date of grant for 1,493 restricted stock units. |
| March 15, 2022 | 2022 Vesting Date: 6.25% of the restricted stock units granted on December 10, 2021 vested and were settled. |
| December 12, 2022 | Date of grant for 2,500 restricted stock units. |
| March 15, 2023 | 2023 Vesting Date: 6.25% of the restricted stock units granted on December 12, 2022 vested and were settled. |
| December 19, 2023 | Date of grant for 2,384 restricted stock units. |
| March 15, 2024 | 2024 Vesting Date: 6.25% of the restricted stock units granted on December 19, 2023 vested and were settled. |
| September 15, 2024 | Date of transaction: Vesting and settlement of restricted stock units into common stock. |
| September 17, 2024 | Date of signature for the Form 4 filing. |
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