Form 4: DoubleVerify Holdings Executive Grimmig Reports Stock Transactions
SEC Form 4 Filing
Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, reports the vesting and settlement of restricted stock units, resulting in the acquisition of common stock.
Summary
- Andrew E. Grimmig, the Chief Legal Officer of DoubleVerify Holdings, Inc., filed a Form 4.
- The report details the vesting and settlement of restricted stock units (RSUs) into common stock on June 15, 2024.
- These RSUs were granted on December 10, 2021, December 12, 2022, and December 19, 2023, and vest quarterly.
- Grimmig acquired 1,493, 2,500, and 2,384 shares of common stock, respectively, from the vesting of these RSUs.
- Following these transactions, Grimmig directly owns 46,870 shares of DoubleVerify Holdings, Inc. common stock.
- He also holds 8,958, 25,000, and 33,373 restricted stock units from the grants on December 10, 2021, December 12, 2022, and December 19, 2023, respectively.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, indicating a neutral sentiment.
Positives
- The vesting of RSUs is a regular part of executive compensation and aligns executive interests with shareholder value.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of RSUs can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/10/2021 | Restricted stock units were granted. |
| 03/15/2022 | 2022 Vesting Date: 6.25% of restricted stock units vested and were settled. |
| 12/12/2022 | Restricted stock units were granted. |
| 03/15/2023 | 2023 Vesting Date: 6.25% of restricted stock units vested and were settled. |
| 12/19/2023 | Restricted stock units were granted. |
| 03/15/2024 | 2024 Vesting Date: 6.25% of restricted stock units vested and were settled. |
| 06/15/2024 | Transaction Date: Restricted stock units vested and were settled. |
| 06/18/2024 | Date of Form 4 signature. |
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