Form 4: Equifax SVP & Corp Controller James M. Griggs Reports Stock and Option Awards
SEC Form 4 Filing
James M. Griggs, SVP & Corp Controller of Equifax, reports the acquisition of stock and option awards as part of the company's long-term incentive plan.
Summary
- On February 10, 2025, James M. Griggs, SVP & Corp Controller of Equifax, reported transactions involving Equifax common stock and stock options.
- Griggs acquired 613 shares of common stock at $0.00 as an annual equity grant under the company's long-term incentive plan.
- Following the transaction, Griggs beneficially owns 5,221 shares of Equifax common stock.
- Griggs also acquired options to buy 1,970 shares of common stock at an exercise price of $252.90, also as part of the annual equity grant.
- These options vest in three equal annual increments starting February 10, 2026, and expire on February 10, 2035.
- After the transaction, Griggs holds options for 1,970 shares.
- The restricted stock units vest 100% on February 10, 2028.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices, which is generally viewed neutrally to positively as it aligns management interests with shareholders. There are no indications of negative performance or concerns.
Positives
- The equity grants align the executive's interests with those of the shareholders through long-term incentives.
- The vesting schedule encourages continued service and commitment from the executive.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's securities. This filing indicates standard compensation practices through equity grants.
Stakeholder Impact
- The equity grants align the executive's interests with those of the shareholders.
- The vesting schedule encourages continued service and commitment from the executive, potentially benefiting the company and its stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/10/2025 | Date of the reported transactions: acquisition of common stock and stock options. |
| 02/10/2026 | First vesting date for the stock options, vesting in three equal annual increments. |
| 02/10/2028 | Vesting date for the restricted stock units (100%). |
| 02/10/2035 | Expiration date for the stock options. |
| 02/12/2025 | Date of the Form 4 filing. |
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