Form 4: Guidewire Software Executive John P. Mullen Reports Stock Transactions
SEC Form 4 Filing
John P. Mullen, President & CRO of Guidewire Software, reported the vesting and disposal of performance shares on September 15, 2024.
Summary
- On September 15, 2024, John P. Mullen, President & CRO of Guidewire Software, reported transactions involving Guidewire's common stock.
- Mullen disposed of 4,087 shares of common stock related to the vesting of performance share units (PSUs).
- These transactions occurred due to the satisfaction of performance conditions related to FY23 ARR targets.
- Following the reported transactions, Mullen directly owns 166,817 shares of common stock and 16,134 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
33% of Part 1 of the PSU award will vest at the end of Year 2, and 33% will vest at the end of Year 3; 50% of the PSU award (Part 2) will be determined based on performance against the FY25 ARR targets at the end of Year 3.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Guidewire Software.
Key Dates
| Date | Description |
|---|---|
| 09/15/2023 | Compensation Committee determined performance conditions against FY23 ARR targets were met. |
| 09/15/2024 | Date of transaction: vesting and disposal of performance shares. |
| 09/15/2032 | Expiration date of performance shares. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
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