Form 4: Guidewire Software Executive Acquires Performance Shares
SEC Form 4 Filing
James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, acquired 8,967 performance shares on September 11, 2024.
Summary
- On September 11, 2024, James Winston King, Chief Admin Officer and General Counsel of Guidewire Software, acquired 8,967 performance shares.
- These performance shares cliff vest at the end of a three-year performance period, contingent on the average performance over three one-year periods and continued employment through September 15, 2027.
- The one-year financial targets for each of the three performance measurement periods were set on the grant date.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The vesting of the performance shares is contingent upon the company's performance over the next three years and the executive's continued employment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The acquisition of performance shares aligns the executive's interests with those of the shareholders, as the value of the shares is tied to the company's performance.
Key Dates
| Date | Description |
|---|---|
| 09/11/2024 | Date of transaction: James Winston King acquired 8,967 performance shares. |
| 09/11/2034 | Expiration date of the derivative security. |
| 09/13/2024 | Date of signature for the Form 4 filing. |
| 09/15/2027 | End of the three-year performance period for vesting of performance shares, contingent on continued employment. |
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