Form 4: HashiCorp Executive Michael Weingartner Reports Stock Transactions

Michael Weingartner, Chief Product Officer of HashiCorp, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On February 1, 2025, Michael Weingartner, Chief Product Officer of HashiCorp, executed transactions involving Class A Common Stock.
• 131,004 restricted stock units (RSUs) vested and were converted into Class A Common Stock.
• 51,650 shares were withheld to cover the reporting person's tax liability related to the vesting of the RSUs.
• Following these transactions, Weingartner directly owns 79,354 shares of Class A Common Stock and 393,014 restricted stock units.
• The remaining RSUs vest in 12 equal quarterly installments starting on March 20, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure of information.

Future Outlook

The remaining RSUs will vest in 12 equal quarterly installments beginning on March 20, 2025.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the holdings and transactions of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units (RSUs) that vest over time, aligning executive incentives with long-term company performance.
• Tax withholding upon vesting of RSUs is a standard practice to cover income tax obligations.
• Companies like Atlassian, MongoDB, and Datadog also utilize RSUs as part of their executive compensation plans.
• The vesting schedules and amounts of RSUs vary depending on the company's compensation policies and the executive's role and performance.

Stakeholder Impact

• Shareholders are informed about executive stock ownership and transactions.
• Employees may be interested in understanding executive compensation practices.
• The transactions have a minimal direct impact on customers, suppliers, or creditors.

Key Dates

Keywords

HashiCorp, Weingartner, RSU, Class A Common Stock, Vesting, Tax Withholding, Form 4, SEC