Form 4: Gartner Director Stephen Pagliuca Reports Acquisition and Disposal of Common Stock Equivalents

Sentiment:

SEC Form 4 Filing


Director Stephen G. Pagliuca reports transactions involving Gartner Inc. common stock equivalents, including acquisition and disposal, as part of compensation for service as an outside director.

Summary

  • On October 1, 2024, Stephen G. Pagliuca, a director of Gartner Inc., reported acquiring and disposing of Common Stock Equivalents (CSEs).
  • The transactions involved the acquisition of 45 CSEs and the disposal of 45 CSEs.
  • These CSEs were received as compensation for service as an outside director under Gartner's Long-Term Incentive Plan (LTIP).
  • The CSEs convert into Gartner common stock upon termination of the director's service or as provided in the LTIP.
  • Following the reported transactions, Pagliuca directly owns 67,512 shares of Gartner common stock.
  • Pagliuca also owns 1,713 Common Stock Equivalents (CSE) and 1,668 Common Stock Equivalents (CSE).

Sentiment

Score: 7

Explanation: The document reflects routine insider transactions related to director compensation, which is a neutral to slightly positive indicator as it aligns director interests with shareholders.

Positives

  • The acquisition of CSEs reflects Gartner's ongoing compensation plan for its outside directors.
  • Director ownership aligns interests with shareholders.

Future Outlook

The CSEs will convert into Gartner common stock upon the director's termination of service or as otherwise provided in the LTIP.

Industry Context

This filing is a routine disclosure related to insider transactions, specifically concerning director compensation in the form of stock equivalents. It's common for companies to use stock-based compensation to align the interests of directors and shareholders.

Comparison to Industry Standards

  • Stock-based compensation for board members is a common practice among publicly traded companies, particularly in the tech industry.
  • Companies like Accenture, IBM, and Oracle also utilize equity-based compensation plans for their directors.
  • The specific terms and amounts of these plans vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

  • The transactions have a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates

DateDescription
10/01/2024Date of the reported transactions (acquisition and disposal of CSEs).
10/03/2024Date of signature for the Form 4 filing.

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