Form 4: EGAIN Corp CEO Ashutosh Roy Reports Stock Option Grant
SEC Form 4
EGAIN Corp CEO Ashutosh Roy reports the acquisition of stock options.
Summary
- On December 31, 2024, Ashutosh Roy, CEO of EGAIN Corp, filed a Form 4.
- The filing reports a transaction on September 30, 2021, where Roy acquired 300,000 employee stock options with an exercise price of $11.36.
- These options vest monthly over four years, starting September 1, 2021, contingent upon continued employment.
- The options expire on September 1, 2031.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard executive compensation practice. It's neither particularly positive nor negative from an investment perspective.
Positives
- The grant of stock options to the CEO aligns his interests with those of the shareholders.
Industry Context
Stock option grants are a common form of executive compensation in the technology industry, aligning management's interests with shareholder value.
Comparison to Industry Standards
- Stock option grants are a typical component of executive compensation packages in the tech industry.
- Companies like Salesforce, Workday, and ServiceNow also use stock options to incentivize their executives.
- The vesting schedule of 4 years with monthly vesting is a standard practice.
Stakeholder Impact
- The stock option grant could potentially incentivize the CEO to improve company performance, benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/10/2021 | Option grant approved by the Board of Directors, subject to stockholder approval of amendments to the 2005 Stock Incentive Plan. |
| 09/01/2021 | Vesting of options begins, at a rate of 1/48th of the total shares each month. |
| 09/30/2021 | Date of transaction: Ashutosh Roy acquired 300,000 employee stock options; Stockholder approval of amendments to the Issuer's Amended and Restated 2005 Stock Incentive Plan. |
| 09/01/2031 | Expiration date of the stock options. |
| 12/31/2024 | Date of Form 4 filing. |
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