Form 4: Gartner EVP Robin Kranich Reports Stock Transactions
SEC Form 4 Filing
Robin Kranich, EVP & CHRO of Gartner Inc., reports the exercise of stock appreciation rights and subsequent stock transactions on July 31, 2024.
Summary
- On July 31, 2024, Robin Kranich, EVP & CHRO of Gartner Inc., exercised stock appreciation rights (SARs) resulting in the acquisition of 11,613 shares of common stock at a price of $154.31.
- Following the exercise, 3,576 shares were withheld to cover the aggregate exercise price of the SARs at a price of $501.19.
- Additionally, 4,444 shares were withheld for the payment of applicable income and payroll withholding taxes at a price of $501.19.
- After these transactions, Kranich beneficially owns 20,981 shares of Gartner Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include stock options and SARs to align management's interests with those of shareholders.
- The vesting schedule of these SARs (four annual installments) is a standard practice.
- Withholding shares to cover exercise costs and taxes is also a common procedure.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation activities.
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/05/2021 | Date when the Stock Appreciation Rights (SARs) award became exercisable in four substantially equal annual installments. |
| 07/31/2024 | Date of the reported transactions: exercise of SARs, withholding of shares for exercise price and taxes. |
| 02/05/2027 | Expiration date of the Stock Appreciation Rights (SARs). |
| 08/02/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.