Form 4: Gartner Executive Scott Hensel Reports Stock Transactions
SEC Form 4 Filing
EVP Global Services & Delivery at Gartner, Scott Hensel, reports exercising stock appreciation rights and disposing of shares to cover exercise costs and taxes on July 31, 2024.
Summary
- On July 31, 2024, Scott Hensel, EVP Global Services & Delivery at Gartner Inc., executed transactions involving Gartner's common stock and Stock Appreciation Rights (SARs).
- Hensel exercised 14,550 SARs at a price of $143.01, acquiring 14,550 shares of common stock.
- He disposed of 4,152 shares at $501.19 to cover the exercise price of the SARs.
- Additionally, 4,818 shares were withheld at $501.19 for the payment of income and payroll withholding taxes.
- Following these transactions, Hensel directly owns 25,304 shares of Gartner common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Gartner. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include stock options or SARs to align management's interests with those of shareholders.
- The vesting schedule of the SARs (exercisable in installments) is a common practice to incentivize long-term performance.
- Companies like Accenture, IBM, and Deloitte also utilize similar equity-based compensation strategies for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting the standard exercise of executive compensation.
- The filing provides transparency to stakeholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/06/2020 | Date SARs became exercisable in installments. |
| 07/31/2024 | Date of the reported transactions (exercise of SARs and stock disposal). |
| 02/06/2026 | Expiration date of the SARs. |
| 08/02/2024 | Date of signature for the Form 4 filing. |
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