Form 4: E2open Director Chinh Chu Receives Annual Equity Award

Director Chinh Chu received an annual award of restricted stock units (RSUs) and elected to receive cash payments in the form of equity, increasing his holdings in E2open Parent Holdings, Inc.

Summary

• Chinh Chu, a director of E2open Parent Holdings, Inc., received 87,785 Class A Common Stock RSUs on May 1, 2024, as part of the annual award for non-employee directors.
• These RSUs will fully vest on May 1, 2025, contingent upon continued service to the Issuer.
• Mr. Chu elected to receive all cash payments in the form of equity, which was combined with the annual grant.
• The reporting person also indirectly owns 8,603,302 shares of Class A Common Stock through CC NB Sponsor 1 Holdings LLC and 17,912 shares through CC Capital Holdings LP.
• Mr. Chu disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice, and the director's decision to take equity instead of cash could be seen as a positive signal.

Positives

• The director's decision to receive cash payments in the form of equity may signal confidence in the company's future performance.
• The vesting of RSUs is tied to continued service, aligning the director's interests with the company's long-term success.

Future Outlook

The RSUs will vest on May 1, 2025, contingent upon continued service to the Issuer.

Industry Context

Directors receiving equity compensation is a common practice to align their interests with shareholders and incentivize long-term value creation. The specifics of the vesting schedule and the director's decision to take equity in lieu of cash are company-specific.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across publicly traded companies.
• The amount and vesting schedule of RSUs can vary widely based on company size, industry, and individual director roles.
• Comparing E2open's director compensation to peers like Coupa Software, Blue Yonder, or Kinaxis would provide a benchmark for industry standards.

Stakeholder Impact

• The equity award aligns the director's interests with those of shareholders.
• The vesting schedule incentivizes the director to contribute to the company's long-term success.

Key Dates