Form 4: Thomas H. Lee Advisors, LLC Reports Changes in Beneficial Ownership of Dun & Bradstreet Holdings, Inc.

Thomas H. Lee Advisors, LLC, along with affiliated entities and individuals, filed a Form 4 detailing changes in beneficial ownership of Dun & Bradstreet Holdings, Inc. common stock, including the grant of restricted stock to directors.

Summary

• Thomas H. Lee Advisors, LLC, along with several affiliated entities and individuals, filed a Form 4 with the SEC regarding changes in beneficial ownership of Dun & Bradstreet Holdings, Inc. (DNB) common stock.
• The earliest transaction date reported is March 10, 2025.
• The filing indicates the grant of restricted common stock to Thomas M. Hagerty and Gnaneshwar B. Rao for their service on the board of directors.
• These restricted stock grants vest 100% on the first anniversary of the grant date.
• The filing also reflects changes in beneficial ownership following the vesting and transfer of 22,106 RSUs to THL Managers VIII from each of Mr. Hagerty and Mr. Rao.
• The Form 4 is split into two filings due to the SEC's EDGAR system limit of 10 reporting persons per form.
• Thomas H. Lee Advisors, LLC is the designated filer for both forms.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing stock grants and ownership changes. The sentiment is neutral to slightly positive, as the grants to directors suggest confidence in the company's future.

Positives

• The grant of restricted stock to directors Hagerty and Rao aligns their interests with the long-term performance of Dun & Bradstreet.
• The vesting of restricted stock on the first anniversary of the grant date provides an incentive for continued service on the board.

Future Outlook

The document does not contain specific forward-looking statements regarding Dun & Bradstreet's future performance, but the grants of restricted stock to directors suggest a commitment to long-term value creation.

Industry Context

Form 4 filings are a routine part of corporate governance and provide transparency into the ownership structure of publicly traded companies. The filing reflects standard compensation practices for board members, including the use of restricted stock to align their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock to board members is a common practice among publicly traded companies to incentivize directors and align their interests with shareholders.
• Companies like Equifax and TransUnion, which operate in similar industries to Dun & Bradstreet, also utilize equity-based compensation for their directors.
• The vesting schedules for restricted stock typically range from one to three years, with the one-year vesting period in this case being relatively short.

Stakeholder Impact

• The grant of restricted stock to directors could positively impact shareholders by aligning management's interests with long-term value creation.
• The vesting of restricted stock provides an incentive for directors to remain engaged and contribute to the company's success.

Key Dates