Form 4: Gartner Inc. Executive Yvonne Genovese Reports Stock Transactions
SEC Form 4
Yvonne Genovese, EVP at Gartner Inc., reports exercising stock appreciation rights and subsequent stock transactions.
Summary
- On August 19, 2024, Yvonne Genovese, an Executive Vice President at Gartner Inc., executed transactions involving Gartner's common stock.
- Genovese exercised stock appreciation rights (SARs) resulting in the acquisition of 1,280 shares at a price of $180.64.
- 477 shares were withheld to cover the exercise price of the SARs at $485.
- Additionally, 360 shares were withheld for the payment of income and payroll withholding taxes at $485.
- Following these transactions, Genovese directly owns 2,402 shares of Gartner Inc. common stock.
- Genovese also holds 4,826 derivative securities in the form of Stock Appreciation Rights.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard compensation practices.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based incentives, common in publicly traded companies like Gartner Inc.
Comparison to Industry Standards
- Executive compensation packages including stock options and SARs are standard practice among publicly traded companies, particularly in the tech industry.
- Companies like Accenture, IBM, and Oracle also utilize similar equity-based compensation to align executive interests with shareholder value.
- The vesting schedules and terms of these instruments are typically benchmarked against industry peers to attract and retain talent.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
- Employees may be impacted positively through similar stock-based compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/10/2022 | Commencement date for the four substantially equal annual installments of SARs exercisability. |
| 08/19/2024 | Date of the reported transactions: exercise of SARs, acquisition and disposal of shares. |
| 02/10/2028 | Expiration date of the Stock Appreciation Rights. |
| 08/21/2024 | 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.