Form 4: HashiCorp Executive Susan St. Ledger Awarded 200,000 Restricted Stock Units

Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, Inc., was granted 200,000 restricted stock units (RSUs) on February 25, 2025, which will vest quarterly starting June 20, 2025.

Summary

• On February 25, 2025, Susan St. Ledger, President of Worldwide Field Operations at HashiCorp, Inc., received 200,000 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of HashiCorp Class A Common Stock per unit.
• The RSUs will vest in 16 equal quarterly installments, commencing on June 20, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it aligns executive interests with shareholder value. The sentiment is slightly positive due to the incentive effect.

Positives

• The grant of RSUs to a key executive like Susan St. Ledger aligns her interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

Granting RSUs is a common practice in the tech industry to incentivize and retain key executives. The vesting schedule is typical for such grants.

Comparison to Industry Standards

• Companies like Snowflake, Datadog, and CrowdStrike also use RSUs as part of their executive compensation packages.
• The vesting schedules are generally similar, with quarterly or annual vesting over a period of 3-4 years.
• The size of the RSU grant is likely determined based on the executive's role, performance, and industry benchmarks.

Stakeholder Impact

• Shareholders: The RSU grant aligns executive interests with shareholder value.
• Employees: The grant may have a positive impact on employee morale as it shows the company is investing in its leadership.

Key Dates