Form 4: Grid Dynamics Director Eric Benhamou Acquires Shares Through Restricted Stock Units

Director Eric Benhamou acquired 3,672 shares of Grid Dynamics through restricted stock units, while also holding indirect ownership of additional shares through trusts.

Summary

• Eric Benhamou, a director at Grid Dynamics Holdings, Inc., acquired 3,672 shares of common stock on December 23, 2024, through restricted stock units (RSUs).
• The RSUs were acquired at a price of $20.42 per share.
• These RSUs will fully vest on December 23, 2025, contingent upon Mr. Benhamou's continued service with the company.
• Following the transaction, Mr. Benhamou directly owns 81,877 shares of common stock.
• He also indirectly owns 23,500 shares through The Eric Benhamou Living Trust and 200,000 shares through The Eric Benhamou Grantor Retained Annuity Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director is generally a good sign, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.

Future Outlook

The restricted stock units will vest on December 23, 2025, contingent on continued service.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who acquire or dispose of company stock. It reflects a typical compensation practice of using restricted stock units.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as part of executive compensation is a common practice across the technology industry, including companies like EPAM Systems and Globant.
• The vesting period of one year is also fairly standard for such grants.
• The price of $20.42 per share is the market price at the time of the transaction, which is typical for RSU grants.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it shows a director's confidence in the company.

Key Dates

Keywords

Grid Dynamics, Eric Benhamou, restricted stock units, RSUs, insider trading, share acquisition, beneficial ownership, director