Form 4: E2open CFO Marje Armstrong Reports Acquisition of Restricted Stock Units

Sentiment:

SEC Form 4 Filing


Marje Armstrong, CFO of E2open Parent Holdings, reports the acquisition of 105,486 restricted stock units (RSUs) that performance vested on April 16, 2025.

Summary

  • Marje Armstrong, the Chief Financial Officer of E2open Parent Holdings, Inc., filed a Form 4 on April 18, 2025, reporting a transaction involving restricted stock units.
  • On April 16, 2025, Armstrong acquired 105,486 restricted stock units (RSUs) that performance vested.
  • These RSUs represent a contingent right to receive one share of E2open Class A Common Stock each.
  • The RSUs will time vest one-third on May 1, 2025, and the remaining two-thirds will vest equally on each three-month anniversary thereafter for two years, with the final vesting date on May 1, 2027.
  • The RSUs were initially granted on May 1, 2024, subject to achieving certain performance metrics.
  • The Compensation Committee determined on April 16, 2025, that the performance metrics were below target, resulting in the issuance of a below-target number of RSUs.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of stock unit acquisition. The below-target performance could be seen as slightly negative, but it's not significantly impactful.

Negatives

  • The number of RSUs granted was below the initial target due to underperformance against preset metrics.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation awarded to key executives.

Stakeholder Impact

  • The vesting of RSUs aligns the CFO's interests with those of the shareholders, incentivizing her to improve company performance.

Key Dates

DateDescription
05/01/2024Initial grant date of restricted stock units subject to performance metrics
04/16/2025Date of transaction: Acquisition of restricted stock units and determination of below-target performance
04/18/2025Date of Form 4 filing
05/01/2025First vesting date for one-third of the restricted stock units
05/01/2027Final vesting date for the remaining restricted stock units

Keywords

Form 4, E2open, Restricted Stock Units, RSU, Marje Armstrong, CFO, Beneficial Ownership, ETWO

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