Form 4: E2open Executive Jennifer Grafton Reports Stock Transactions
SEC Form 4 Filing
Jennifer Grafton, General Counsel and Secretary of E2open Parent Holdings, Inc., reports the vesting and tax withholding of restricted stock units and subsequent changes in beneficial ownership of Class A Common Stock.
Summary
- On May 1, 2024, Jennifer Grafton, General Counsel and Secretary of E2open Parent Holdings, Inc., had restricted stock units (RSUs) vest, resulting in the acquisition of 21,164 Class A Common Stock shares.
- 8,813 Class A Common Stock shares were disposed of to cover tax obligations at a price of $4.86 per share.
- Following these transactions, Grafton directly owns 23,941 shares of Class A Common Stock.
- Grafton also holds 16,000 and 108,228 Restricted Stock Units that were granted on May 1, 2024.
- The remaining RSUs will vest in accordance with previously disclosed schedules subject to continued employment with e2open.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Future Outlook
The remaining RSUs will vest in accordance with the previously disclosed schedules subject to continued employment with e2open.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time to align executive interests with long-term company performance.
- The vesting schedules and terms described are typical for RSU grants in publicly traded companies.
- Companies like Salesforce, Oracle, and SAP also utilize RSUs as part of their executive compensation packages.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The disclosure provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: vesting of restricted stock units and subsequent stock disposal for tax obligations. |
| 05/03/2024 | Date of signature for the Form 4 filing. |
| 05/01/2025 | One-third (1/3rd) of the Restricted Stock Units will vest. |
| 05/01/2026 | The first third of the RSUs vested. The remaining 2/3rds of the RSUs will vest quarterly through May 1, 2026 subject to continued employment with E2open. |
| 05/01/2027 | The remaining 3/4s of the RSUs will vest on May 1, 2025, 2026 and 2027 subject to continued employment with E2open. |
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