Form 4: Intapp Chief Marketing Officer Scott Fitzgerald Reports Share Transactions

Intapp's Chief Marketing Officer, Scott Fitzgerald, reported the acquisition of 12,275 shares of common stock and the vesting of 1,599 restricted share units.

Summary

• Scott Fitzgerald, Chief Marketing Officer of Intapp, Inc., reported transactions involving the company's common stock.
• On November 19, 2024, Fitzgerald acquired 12,275 shares of common stock as part of a performance-based award.
• These shares were earned based on the achievement of performance conditions and were certified by the audit committee.
• On November 20, 2024, 1,599 restricted share units (RSUs) vested, resulting in the acquisition of 1,599 shares of common stock.
• The vested shares from the performance award were subject to service-based vesting requirements that lapsed on November 20, 2024.
• The RSUs vest over time, with 8.33% vesting on November 20, 2024, and the remainder in 11 equal quarterly installments.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any negative or unusual activity. The vesting of performance shares suggests that the company is meeting its goals.

Positives

• The vesting of performance-based shares indicates that performance goals were met.
• The vesting of restricted share units is a standard form of compensation and aligns the executive's interests with the company's performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when executives or insiders trade company stock. It is a routine disclosure and does not indicate any unusual activity.

Comparison to Industry Standards

• The vesting of restricted stock units and performance-based shares is a common practice in executive compensation across the technology industry.
• Many companies use similar vesting schedules for RSUs, often with a portion vesting immediately and the remainder over a period of time.
• Performance-based awards are also common, with the number of shares earned tied to the achievement of specific performance metrics.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as they indicate that performance goals are being met.
• The vesting of shares aligns the executive's interests with those of the shareholders.

Key Dates

Keywords

Intapp, stock, shares, restricted share units, RSU, insider trading, executive compensation, performance award, vesting