Form 4: Informatica Inc. Executive Vice President Michael McLaughlin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michael McLaughlin, EVP & Chief Financial Officer of Informatica Inc., reports acquisition and disposal of Class A Common Stock due to RSU vesting and tax obligations.
Summary
- On February 14, 2025, Michael McLaughlin, EVP & Chief Financial Officer of Informatica Inc., acquired 43,848 shares of Class A Common Stock represented by Restricted Stock Units (RSUs) at $0.
- These RSUs were granted on February 26, 2024, and vested based on the achievement of certain performance goals determined by the Compensation Committee.
- One-third of the RSUs will vest on each of February 15, 2025, February 15, 2026, and February 15, 2027, contingent upon continued service.
- On February 15, 2025, McLaughlin disposed of 64,452 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, McLaughlin beneficially owns 642,125 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs are scheduled to vest on February 15, 2026, and February 15, 2027, subject to continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Informatica.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- Employees may be interested in the vesting schedule of RSUs as part of the company's compensation structure.
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 via RSU vesting. |
| 02/15/2025 | Date of disposal of 64,452 shares of Class A Common Stock to cover tax obligations. |
| 02/15/2025 | First vesting date for one-third of the RSUs. |
| 02/15/2026 | Second vesting date for one-third of the RSUs. |
| 02/15/2027 | Final vesting date for one-third of the RSUs. |
| 02/19/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, Informatica Inc., Michael McLaughlin, RSU, PSU, Vesting, Tax Obligations, Class A Common Stock
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