Form 4: E2open CEO Andrew Appel Reports Stock Transactions

E2open CEO Andrew Appel reports the vesting of restricted stock units and a sale of shares to cover tax obligations.

Summary

• E2open CEO Andrew Appel reported transactions involving the company's Class A Common Stock.
• On November 10, 2024, 2,755 restricted stock units (RSUs) vested, representing the second third of a three-year vesting schedule.
• These vested RSUs convert to 2,755 shares of Class A Common Stock.
• On November 11, 2024, 1,209 shares were sold at a price of $3.37 per share to cover tax obligations related to the vesting of the RSUs.
• Following these transactions, Appel directly owns 160,149 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects routine transactions by a company executive and does not indicate any positive or negative sentiment. It is a standard disclosure.

Future Outlook

The remaining 1/3 of the RSUs will vest on November 10, 2025, subject to continued employment with E2open.

Industry Context

This is a routine filing for a company executive, disclosing transactions in company stock. It is common for executives to receive stock-based compensation and to sell shares to cover tax obligations.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded companies, particularly in the technology sector, where E2open operates.
• The vesting schedule of three years for restricted stock units is also a typical arrangement.
• Sales of shares by executives to cover tax obligations are a standard occurrence and are not unusual.
• Comparable companies such as Coupa Software and SAP also use stock-based compensation as part of their executive compensation packages.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they represent a small portion of the total outstanding shares.
• The sale of shares by the CEO may have a slight downward pressure on the stock price, but this is likely to be minimal.

Next Steps

• The remaining 1/3 of the RSUs will vest on November 10, 2025, subject to continued employment with E2open.

Key Dates

Keywords

E2open, Andrew Appel, stock transaction, restricted stock units, RSU, vesting, Class A Common Stock, SEC Form 4, insider trading