Form 4: Informatica Inc. Executive Mark Pellowski Reports Acquisition of Restricted Stock Units
SEC Filing
Mark Pellowski, Chief Accounting Officer of Informatica Inc., reports the acquisition of 13,848 Restricted Stock Units (RSUs) on February 26, 2024.
Summary
- Mark Pellowski, Chief Accounting Officer of Informatica Inc., filed a Form 4 on February 28, 2024, reporting changes in beneficial ownership.
- On February 26, 2024, Pellowski acquired 13,848 shares of Class A Common Stock in the form of Restricted Stock Units (RSUs).
- The RSUs vest quarterly over a three-year period, contingent upon Pellowski's continued service.
- Following the reported transaction, Pellowski beneficially owns 149,472 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, indicating a neutral sentiment.
Future Outlook
The RSUs will vest quarterly over a three-year period, subject to the Reporting Person continuing to be a Service Provider through each applicable vesting date.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The acquisition of RSUs by a key executive can signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of transaction: Acquisition of 13,848 Restricted Stock Units. |
| 02/28/2024 | Date of Form 4 filing. |
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