Form 4: E2open CFO Marje Armstrong Reports Stock Transactions
SEC Form 4 Filing
Marje Armstrong, CFO of E2open Parent Holdings, Inc., reports the vesting and subsequent disposal of Class A Common Stock and Restricted Stock Units.
Summary
- On May 21, 2024, Marje Armstrong, the Chief Financial Officer of E2open Parent Holdings, Inc., had restricted stock units vest and disposed of shares to cover tax obligations.
- She disposed of 32,859 shares of Class A Common Stock related to the vesting of restricted stock units.
- Additionally, 13,306 shares were disposed of at a price of $5 to cover tax obligations.
- Following these transactions, Armstrong directly owns 236,064 shares of Class A Common Stock.
- She also holds 28,164 Restricted Stock Units from a three-year vesting schedule and 9,392 Restricted Stock Units from a performance-based, four-year vesting schedule.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The remaining Restricted Stock Units will vest on May 21, 2025 and May 21, 2026, subject to continued employment with E2open.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a common occurrence in publicly traded companies.
- Form 4 filings are standard practice and are comparable across all companies listed on US stock exchanges.
- The vesting schedules for restricted stock units (three and four years) are typical vesting periods observed in the industry for executive compensation.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal as it is a routine transaction.
- The vesting of RSUs and continued employment requirement incentivizes the CFO to remain with the company.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: vesting of restricted stock units and disposal of shares. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
| 05/21/2025 | Next vesting date for remaining Restricted Stock Units from the three-year vesting schedule. |
| 05/21/2026 | Final vesting date for remaining Restricted Stock Units from the four-year vesting schedule. |
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