Form 4: Dun & Bradstreet Executive Reports Changes in Beneficial Ownership

Joe A. Reinhardt III, Chief Legal Officer of Dun & Bradstreet Holdings, reports changes in beneficial ownership of company stock due to stock grants and tax withholding.

Summary

• On March 10, 2025, Joe A. Reinhardt III, Chief Legal Officer of Dun & Bradstreet Holdings, acquired 297,620 shares of common stock through a restricted stock grant.
• These shares vest in three equal annual installments starting March 10, 2026, contingent on achieving specified performance criteria.
• The reporting person also disposed of 39,400 shares on March 10, 2025, at a price of $8.4 and 31,380 shares on March 11, 2025, at a price of $8.05 to cover tax obligations.
• Following these transactions, Reinhardt directly owns 1,378,326.1693 shares of Dun & Bradstreet common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily reports routine transactions related to executive compensation. The stock grant is a positive sign, but the tax-related disposals are neutral.

Positives

• The grant of restricted stock to a key executive aligns their interests with the long-term performance of the company.

Future Outlook

The restricted stock grant vests in three equal annual installments beginning on March 10, 2026, subject to the achievement of performance criteria specified in the reporting person's award agreement.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock grants to align executive interests with shareholder value, a common practice among publicly traded companies like Equifax and TransUnion, which operate in similar data and analytics industries.
• The vesting schedules and performance criteria associated with these grants are typically benchmarked against industry peers to ensure competitiveness and effectiveness in incentivizing performance.

Stakeholder Impact

• The stock grant aligns the executive's interests with those of the shareholders, potentially driving long-term value creation.
• The transactions have a minor impact on the overall shareholding structure of the company.

Key Dates