Form 4: DoubleVerify Holdings Executive Reports Stock Transactions
SEC Form 4 Filing
Andrew E. Grimmig, Chief Legal Officer of DoubleVerify Holdings, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On May 15, 2024, Andrew E. Grimmig, the Chief Legal Officer of DoubleVerify Holdings, had 1,983 restricted stock units (RSUs) vest.
- These RSUs converted into common stock on a one-for-one basis.
- Grimmig then had 958 shares withheld to cover tax obligations related to the vesting at a price of $19.35 per share.
- Following these transactions, Grimmig directly owns 40,493 shares of DoubleVerify Holdings common stock and 5,947 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| February 17, 2021 | Date the restricted stock units were granted. |
| February 15, 2022 | 25% of the RSUs vested and were settled. |
| May 15, 2024 | Date of RSU vesting and tax withholding. |
| May 17, 2024 | Date of Form 4 signature. |
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