Form 4: EGAIN Corp CFO Eric Smit Acquires 160,000 Stock Options

EGAIN Corp's Chief Financial Officer, Eric Smit, was granted 160,000 stock options on September 30, 2021, which will vest over four years.

Summary

• Eric Smit, the Chief Financial Officer of EGAIN Corp, was granted 160,000 employee stock options.
• The options have an exercise price of $11.36.
• The grant was approved by the Board of Directors on September 10, 2021, and by the stockholders on September 30, 2021.
• The options will vest monthly over four years, starting September 1, 2021, contingent on continued employment.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.

Positives

• The grant of stock options to the CFO aligns his interests with the company's long-term performance.
• The vesting schedule encourages continued service and commitment from the CFO.

Industry Context

Stock option grants are a common form of executive compensation in the technology industry, used to attract and retain talent and align management interests with shareholder value.

Comparison to Industry Standards

• Stock option grants are a standard practice for executive compensation across the technology sector.
• The vesting schedule of four years is typical for such grants, aligning with long-term performance goals.
• The exercise price of $11.36 is specific to EGAIN Corp and would need to be compared to similar companies to assess its competitiveness.

Stakeholder Impact

• Shareholders may view the stock option grant positively as it incentivizes the CFO to improve company performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

stock options, employee stock options, executive compensation, insider trading, EGAIN Corp, Eric Smit, CFO