Form 4: Informatica Executive Ansa Sekharan Reports Stock Transactions
SEC Form 4
EVP & Chief Customer Officer Ansa Sekharan reports acquisition and disposal of Informatica Inc. stock related to vesting of Restricted Stock Units and covering tax obligations.
Summary
- Ansa Sekharan, EVP & Chief Customer Officer of Informatica Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 14, 2025, Sekharan acquired 43,848 shares of Class A Common Stock at $0, represented by Restricted Stock Units (RSUs) that vested upon achievement of performance goals.
- These RSUs were granted on February 26, 2024, and vest in three equal installments on February 15, 2025, February 15, 2026, and February 15, 2027, contingent upon continued service.
- On February 15, 2025, Sekharan disposed of 60,719 shares of Class A Common Stock at $20.38 to cover tax obligations related to the vesting of RSUs and performance-based restricted stock units (PSUs).
- Following these transactions, Sekharan beneficially owns 396,350 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Informatica.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of grant for performance awards to the Reporting Person. |
| 02/14/2025 | Date of acquisition of 43,848 shares of Class A Common Stock due to RSU vesting. |
| 02/15/2025 | Date of disposal of 60,719 shares of Class A Common Stock to cover tax obligations. |
| 02/15/2025 | First vesting date for one-third of the total number of RSUs. |
| 02/15/2026 | Second vesting date for one-third of the total number of RSUs. |
| 02/15/2027 | Third vesting date for one-third of the total number of RSUs. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Informatica, Sekharan, RSU, Stock Transaction, Vesting, Tax Obligations
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