Form 4: Grove Collaborative Holdings Executive Jennie Perry Reports Stock Option Grant
SEC Form 4 Filing
Jennie Perry, Chief Marketing Officer of Grove Collaborative Holdings, reports the acquisition of stock options representing the right to buy 160,371 shares of Class A Common Stock.
Summary
- On February 26, 2024, Jennie Perry, Chief Marketing Officer of Grove Collaborative Holdings, Inc., reported a transaction involving derivative securities.
- Perry acquired stock options representing the right to buy 160,371 shares of Class A Common Stock.
- These restricted stock units (RSUs) vest in equal quarterly installments over a three-year period, starting with the first quarterly vesting date in the next calendar quarter following the Vesting Commencement Date.
- The RSUs have no expiration date.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing with no inherent positive or negative sentiment.
Positives
- The grant of stock options to the Chief Marketing Officer aligns her interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The stock option grant may incentivize the Chief Marketing Officer to improve company performance, potentially benefiting shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of the stock option grant transaction. |
| 02/28/2024 | Date of report submission. |
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