Form 4: E2open Parent Holdings: Chief Legal Officer Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Susan E. Bennett, Chief Legal Officer of E2open Parent Holdings, reports the acquisition of 150,092 restricted stock units.
Summary
- On April 16, 2025, Susan E. Bennett, Chief Legal Officer of E2open Parent Holdings, reported the acquisition of 150,092 restricted stock units.
- These restricted stock units represent a contingent right to receive one share of ETWO common stock each.
- The restricted stock units will vest one-third on December 20, 2025, and the remaining two-thirds will vest equally on each three-month anniversary thereafter, concluding on December 20, 2027.
- The restricted stock units were initially granted on December 20, 2024, contingent upon achieving certain performance metrics.
- The Compensation Committee determined on April 16, 2025, that the performance metrics were below target, resulting in the issuance of a below-target number of restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing regarding stock unit grants. The below-target issuance due to performance could be seen as slightly negative, but it's not a major concern.
Negatives
- The number of restricted stock units granted was below the initial target due to the company's performance falling short of expectations.
Industry Context
This filing is a routine disclosure related to insider transactions and equity compensation, common in publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units aligns the interests of the Chief Legal Officer with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 12/20/2024 | Initial grant date of restricted stock units, subject to performance metrics. |
| 04/16/2025 | Date of transaction and determination by the Compensation Committee that performance metrics were less than target, resulting in the issuance of a below-target number of restricted stock units. |
| 04/18/2025 | Date of signature for the Form 4 filing. |
| 12/20/2025 | First vesting date for one-third of the restricted stock units. |
| 12/20/2027 | Final vesting date for the remaining restricted stock units. |
Keywords
restricted stock units, E2open Parent Holdings, ETWO, beneficial ownership, Form 4, insider trading, Susan E. Bennett, Chief Legal Officer
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