Form 4: E2open Parent Holdings Director Stephen C. Daffron Receives Annual Award of Restricted Stock Units

Director Stephen C. Daffron receives 62,532 restricted stock units (RSUs) of E2open Parent Holdings, Inc. as part of his annual award.

Summary

• Stephen C. Daffron, a director of E2open Parent Holdings, Inc., received an annual award of 62,532 restricted stock units (RSUs) on May 1, 2024.
• These RSUs will fully vest on May 1, 2025, provided Mr. Daffron continues to serve as a director until that date.
• For fiscal year 2025, Mr. Daffron elected to receive all cash payments in the form of equity, which was combined with the annual grant included herein.
• Each RSU represents the right to receive one share of E2open's Class A Common Stock upon settlement at no cost.
• Following the transaction, Mr. Daffron beneficially owns 145,379 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The RSU grant is a standard practice, and the director's election to receive equity instead of cash suggests confidence in the company's future.

Positives

• The grant of RSUs aligns Mr. Daffron's interests with those of the shareholders, incentivizing him to contribute to the company's long-term success.
• Daffron's election to receive all cash payments in the form of equity demonstrates his confidence in the company's future.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting of the RSUs on May 1, 2025, contingent upon continued service.

Industry Context

Grants of restricted stock units to directors are a common practice in publicly traded companies to align their interests with those of shareholders and incentivize long-term value creation.

Comparison to Industry Standards

• Director compensation packages, including equity grants, vary significantly across industries and company sizes.
• Comparing E2open's director compensation to that of its peers in the supply chain management software industry would provide a more comprehensive assessment.
• Companies like Kinaxis, Blue Yonder, and Manhattan Associates also utilize equity-based compensation for their directors.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
• The grant has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates