Form 4: Gartner Director Diana S. Ferguson Reports Acquisition of Common Stock Equivalents
SEC Form 4 Filing
Director Diana S. Ferguson reports the acquisition of Common Stock Equivalents (CSEs) as compensation for serving as an outside director of Gartner, Inc.
Summary
- On July 1, 2024, Diana S. Ferguson, a director of Gartner, Inc., acquired 59 Common Stock Equivalents (CSEs) as compensation for her service as an outside director.
- These CSEs were granted under Gartner's Long-Term Incentive Plan (LTIP).
- The CSEs convert into Gartner common stock when the director's service terminates or as specified in the LTIP.
- Ferguson also owns 2,001 shares of Gartner common stock directly.
- The reporting person has elected to receive an immediate distribution of the CSE shares.
Sentiment
Score: 7
Explanation: The document reflects a standard transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with the company's performance.
Positives
- The acquisition of CSEs reflects Gartner's compensation plan for outside directors, aligning their interests with the company's long-term performance.
Future Outlook
The CSEs will convert into Gartner common stock upon the termination of Diana S. Ferguson's service as a director or as otherwise provided in the LTIP.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies like Gartner.
Comparison to Industry Standards
- Director compensation packages often include stock-based awards like CSEs to align director interests with shareholder value, similar to practices at companies like Accenture, IBM, and Tata Consultancy Services.
- The vesting and conversion terms of these equity awards are typically outlined in the company's long-term incentive plan, which is a standard practice across the industry.
Stakeholder Impact
- The acquisition of CSEs by a director can positively influence shareholder confidence by aligning director interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of Common Stock Equivalents (CSEs). |
| 07/03/2024 | Date of report filing. |
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