Form 4: E2open CFO Marje Armstrong Reports Acquisition of Restricted Stock Units
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
| Date | Description |
|---|---|
| 05/01/2024 | Initial grant date of restricted stock units subject to performance metrics |
| 04/16/2025 | Date of transaction: Acquisition of restricted stock units and determination of below-target performance |
| 04/18/2025 | Date of Form 4 filing |
| 05/01/2025 | First vesting date for one-third of the restricted stock units |
| 05/01/2027 | Final 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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