Form 4: E2open Executive Pawan Joshi Reports Stock Transactions
SEC Form 4
Pawan Joshi, EVP of Product Management & Strategy at E2open Parent Holdings, reports the vesting and subsequent disposal of Class A Common Stock and Restricted Stock Units.
Summary
- Pawan Joshi, an executive at E2open Parent Holdings, filed a Form 4 detailing changes in beneficial ownership.
- On May 21, 2024, Joshi vested and disposed of 52,593 shares of Class A Common Stock.
- He also disposed of 26,438 shares to cover tax obligations at a price of $5.
- Joshi also vested Restricted Stock Units, converting them into Class A Common Stock.
- These RSUs vest over three and four-year periods, with portions vesting on May 21, 2024, and future dates.
- Following these transactions, Joshi directly owns 405,036 shares of Class A Common Stock and various Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing reflecting standard executive compensation practices; neither particularly positive nor negative.
Future Outlook
The remaining portions of the Restricted Stock Units will vest on May 21, 2025 and 2026, subject to continued employment with E2open.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in their companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transactions: vesting of stock options and disposal of shares for tax obligations. |
| 05/23/2024 | Date of signature on the Form 4 filing. |
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