Form 4: E2open Director Keith W. Abell Reports Changes in Beneficial Ownership

Director Keith W. Abell reports changes in beneficial ownership of E2open Parent Holdings, Inc. stock, including the forfeiture of shares and the acquisition of restricted stock units.

Summary

• Keith W. Abell, a director of E2open Parent Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On October 1, 2023, Abell forfeited 7,890 Class A Common Stock shares, which were originally issued as time-vesting RSUs for FY2024, in exchange for receiving director fees in cash.
• On May 1, 2024, Abell acquired 42,089 restricted stock units (RSUs) as part of the annual award to non-employee directors.
• These RSUs will fully vest on May 1, 2025, contingent upon Abell's continued service to the Issuer.
• Each RSU represents the right to receive one share of the Issuer's Class A Common Stock upon settlement.
• Following these transactions, Abell beneficially owns 168,707 shares of Class A Common Stock.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership. It doesn't contain information that would significantly sway investor sentiment positively or negatively.

Positives

• The grant of RSUs to non-employee directors aligns their interests with the long-term performance of the company.

Future Outlook

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

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be useful for investors assessing management's alignment with shareholder interests.

Stakeholder Impact

• The changes in beneficial ownership may be of interest to shareholders, as they provide insight into the director's stake in the company.

Key Dates