Form 4: HealthEquity Executive Delano Ladd Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Delano Ladd, EVP, GC & Corporate Secretary of HealthEquity, Inc., reports the acquisition of restricted stock units.
Summary
- Delano Ladd, an executive at HealthEquity, Inc., filed a Form 4 with the SEC.
- The filing reports the acquisition of 12,544 restricted stock units on March 27, 2024, which convert to common stock.
- Another 11,711 restricted stock units vested on March 27, 2024.
- Following these transactions, Ladd beneficially owns 71,693 shares of common stock.
- The restricted stock units vest over time, with a portion vesting on April 1, 2025, and subsequent portions vesting quarterly.
Sentiment
Score: 5
Explanation: This is a neutral, routine filing related to executive compensation. It doesn't indicate positive or negative sentiment.
Future Outlook
The restricted stock units will continue to vest over time, potentially increasing Ladd's ownership in HealthEquity.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of restricted stock units aligns the executive's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of transaction: acquisition of restricted stock units and vesting of restricted stock units |
| 04/01/2025 | 25% of the initial award of restricted stock units vests |
| 03/29/2024 | Date of signature on the Form 4 filing |
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