Form 4: E2open Director Eva F. Harris Receives Annual Restricted Stock Units Award

Director Eva F. Harris received 42,089 restricted stock units of E2open Parent Holdings, Inc. on May 1, 2024, which will vest on May 1, 2025, contingent upon continued service.

Summary

• On May 1, 2024, Eva F. Harris, a director of E2open Parent Holdings, Inc., was granted 42,089 restricted stock units (RSUs) as part of the annual award for non-employee directors.
• These RSUs will fully vest on May 1, 2025, provided that Ms. Harris continues to serve as a director until that date.
• Each RSU represents the right to receive one share of E2open's Class A Common Stock upon vesting, at no cost to the director.
• Following this transaction, Ms. Harris beneficially owns 145,816 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and reflects a commitment to aligning director interests with shareholder value. There are no negative implications.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.
• The vesting period of one year encourages long-term commitment from the director.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting of the RSUs.

Industry Context

Equity compensation, such as RSUs, is a common practice for compensating directors and aligning their interests with shareholders in publicly traded companies.

Comparison to Industry Standards

• Granting RSUs to non-employee directors is a standard practice among publicly listed companies to align their interests with those of shareholders.
• The vesting period of one year is also typical, as it encourages continued service and commitment to the company's long-term success.
• Comparable companies like Coupa Software and Manhattan Associates also utilize equity-based compensation for their board members.

Stakeholder Impact

• Shareholders: The RSU grant aligns director interests with shareholder value.
• Employees: The RSU grant does not directly impact employees.
• Customers: The RSU grant does not directly impact customers.
• Suppliers: The RSU grant does not directly impact suppliers.
• Creditors: The RSU grant does not directly impact creditors.

Key Dates