Form 4: Gartner Inc. Executive Claire Herkes Reports Stock Transactions
SEC Form 4
EVP Claire Herkes reports acquisition and disposal of Gartner Inc. stock and derivative securities related to vesting of restricted stock units and tax withholdings.
Summary
- Claire Herkes, EVP of Conferences at Gartner Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 8, 2025, Herkes acquired 850 shares of common stock upon vesting of restricted stock units (RSUs) and disposed of 279 shares for tax withholdings at a price of $529.29.
- On February 9, 2025, she acquired 976 shares and 892 shares of common stock upon the release of RSUs and disposed of 306 shares and 404 shares respectively for tax withholdings at a price of $529.29.
- Following these transactions, Herkes directly owns 3,223 shares of Gartner Inc. common stock.
- She also holds 3,400 Restricted Stock Units, and 3,757 Stock Appreciation Rights.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently indicate positive or negative performance.
Positives
- The vesting of RSUs indicates that performance metrics were met, leading to the release of shares to the executive.
Future Outlook
The document details the vesting schedule of RSUs and the exercisability of SARs, indicating future potential stock acquisitions by the reporting person.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Comparison to Industry Standards
- Gartner's executive compensation practices, including the use of RSUs and SARs, are common among publicly traded companies, particularly in the technology and consulting sectors.
- Companies like Accenture, IBM, and McKinsey also utilize similar equity-based compensation to incentivize and retain key personnel.
- The vesting schedules and performance metrics associated with these awards are typically aligned with long-term company performance and shareholder value creation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 02/09/2023 | Commencement date for vesting of some RSUs in four substantially equal annual installments. |
| 02/08/2024 | Date performance-based RSUs were awarded, vesting in four substantially equal annual installments commencing on February 8, 2025. |
| 02/06/2025 | Date of earliest transaction reported. |
| 02/06/2026 | Commencement date for exercisability of Stock Appreciation Rights (SARs) in four substantially equal annual installments. |
| 02/06/2032 | Expiration date of Stock Appreciation Rights (SARs). |
| 02/08/2025 | Date of RSU vesting and stock transactions. |
| 02/09/2025 | Date of RSU release and stock transactions. |
| 02/10/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Appreciation Rights, Restricted Stock Units, Gartner Inc., Claire Herkes, Stock Transactions, Vesting, Tax Withholding
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.