Form 4: DoubleVerify Officer Earns 10,101 Performance Shares

DoubleVerify's Global Chief Communications Officer, Steven J. Mougis, earned 10,101 shares from a performance stock unit grant following certification of performance conditions.

Summary

• Steven John Mougis, Global Chief Communications Officer of DoubleVerify Holdings, Inc. (DV), reported a change in beneficial ownership.
• On March 31, 2025, Mougis received a performance stock unit (PSU) grant of 8,455 units.
• The performance-based conditions for this award were certified by the Issuer's Compensation Committee on March 10, 2026.
• Following certification, 10,101 shares were earned from the PSU grant.
• Performance stock units convert into common stock on a one-for-one basis.
• 41.67% of the earned shares will vest and settle on March 15, 2026.
• The remaining earned shares will vest at a rate of 8.33% on each quarterly anniversary of the March 15, 2026 vesting date.
• Mougis beneficially owns 10,101 shares directly following this reported transaction.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event for the executive, reflecting successful achievement of performance targets. For the company, it represents a routine compensation event, indicating effective management of its incentive programs.

Positives

• Steven J. Mougis successfully met the performance-based conditions for his PSU award, resulting in the earning of 10,101 shares.
• The certification by the Compensation Committee indicates that the company's performance targets associated with the PSUs were achieved.

Future Outlook

The earned shares will vest in a staggered manner, with 41.67% vesting on March 15, 2026, and the remainder vesting at 8.33% on each quarterly anniversary thereafter, providing ongoing incentive for the executive.

Industry Context

StockSavvy.ai notes that performance-based stock unit grants and their subsequent vesting are standard components of executive compensation packages in the technology and advertising verification industry. This mechanism aligns executive incentives with company performance and long-term shareholder value.

Corporate Governance

Stakeholder Impact

• Shareholders: The vesting of shares will result in minor dilution, which is a standard aspect of equity-based compensation plans designed to incentivize executives.
• Employees (Executive): Steven J. Mougis is directly impacted by receiving additional equity, enhancing his personal wealth and aligning his interests with long-term company performance.

Next Steps

• 41.67% of the earned shares will vest and settle on March 15, 2026.
• The remaining earned shares will vest at a rate of 8.33% on each quarterly anniversary of March 15, 2026.

Key Dates

Keywords

DoubleVerify, DV, Steven Mougis, Performance Stock Units, PSU, Insider Transaction, SEC Form 4, Executive Compensation, Stock Grant, Vesting