Form 4: Gartner Inc. Director Eileen Serra Reports Acquisition of Common Stock Equivalents

Director Eileen Serra reports the acquisition of 52 Common Stock Equivalents (CSEs) of Gartner Inc. as compensation for serving as an outside director.

Summary

• Eileen Serra, a director at Gartner Inc., filed a Form 4 with the SEC.
• The filing reports the acquisition of 52 Common Stock Equivalents (CSEs) on April 1, 2024.
• These CSEs were received as compensation for serving as an outside director of Gartner, Inc. under the Long-Term Incentive Plan (LTIP).
• The CSEs convert into Gartner common stock when the director's service terminates or as provided in the LTIP.
• The price of the common stock was $477.44.
• Following the transaction, Serra directly owns 2,468 shares of Gartner common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive.

Positives

• The acquisition of CSEs reflects Gartner's compensation plan for outside directors.
• The director's continued service is incentivized through the Long-Term Incentive Plan.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include stock options, restricted stock units (RSUs), or common stock equivalents (CSEs) to align the interests of directors with those of shareholders.
• Companies like Accenture, IBM, and McKinsey also utilize equity-based compensation for their board members.
• The specific terms of Gartner's LTIP are likely comparable to those of similar plans at peer companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It reinforces the alignment of director interests with shareholder value through equity-based compensation.

Key Dates