Form 4: Emerald Holding EVP Danielle Puceta Awarded Restricted Stock Units

Danielle Puceta, EVP of Content & Commerce at Emerald Holding, Inc., received 65,828 restricted stock units.

Summary

• On February 26, 2025, Danielle Puceta, EVP of Content & Commerce at Emerald Holding, Inc., was awarded 65,828 restricted stock units.
• These units will vest in three tranches: 34% on January 7, 2026, 33% on January 7, 2027, and 33% on January 7, 2028, contingent upon continued employment.
• Vested units will be settled in shares of common stock after each vesting date.
• Full vesting occurs upon a Change in Control, with partial acceleration in certain involuntary termination scenarios.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing regarding executive compensation, which is generally viewed neutrally. The vesting schedule and potential for accelerated vesting are positive incentives for the executive.

Positives

• The award of restricted stock units aligns Danielle Puceta's interests with those of Emerald Holding, Inc.'s shareholders.
• The vesting schedule incentivizes continued employment and contribution to the company's success.

Risks

• The value of the restricted stock units is subject to the performance of Emerald Holding, Inc.'s common stock.
• The vesting of the units is contingent upon continued employment, creating a potential risk if Danielle Puceta leaves the company before the vesting dates.

Future Outlook

The document outlines the vesting schedule for the restricted stock units, indicating the future dates on which the reporting person will receive shares of common stock.

Industry Context

This type of equity compensation is common for executives in publicly traded companies to align their interests with shareholders and incentivize long-term performance.

Comparison to Industry Standards

• Equity compensation packages for executives in similar roles at comparable companies typically include a mix of stock options, restricted stock units, and performance-based awards.
• The vesting schedule of these restricted stock units is fairly standard, with vesting occurring over a three-year period.
• Companies like Informa, RELX Group, and United Business Media (UBM) (prior to its acquisition) are comparable in terms of industry and size, and their executive compensation structures would serve as relevant benchmarks.

Stakeholder Impact

• Shareholders may view the equity compensation as a positive incentive for the executive to drive long-term value.
• Employees may see the executive compensation as a sign of the company's commitment to its leadership team.

Key Dates