Form 4: Intapp COO Donald F. Coleman Reports Stock Award and RSU Grant

Donald F. Coleman, COO of Intapp, Inc., reports the acquisition of 40,750 shares of common stock and a grant of 37,600 restricted share units (RSUs).

Summary

• Donald F. Coleman, Chief Operating Officer of Intapp, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On August 19, 2024, Coleman acquired 40,750 shares of Intapp common stock as a result of performance share units granted under the 2021 Omnibus Incentive Plan.
• These shares were earned based on the achievement of performance conditions and vested on August 20, 2024.
• Coleman also received a grant of 37,600 restricted share units (RSUs) on August 19, 2024, under the same plan.
• These RSUs vest in installments, starting with 8.33% on November 20, 2024, and then in 11 equal quarterly installments thereafter, subject to continued employment.
• Coleman also indirectly owns 150,000 shares through Gambatte LLC.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider transactions, suggesting a neutral to slightly positive sentiment due to alignment of management and shareholder interests.

Positives

• The vesting of performance share units indicates that performance goals were met, which is a positive signal.
• The grant of RSUs aligns management's interests with those of shareholders, incentivizing continued performance.

Future Outlook

The vesting schedule of the RSUs suggests a continued commitment from the COO to the company's long-term success.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices for executives at Intapp.

Comparison to Industry Standards

• Equity compensation, including stock awards and RSUs, is a common practice among publicly traded technology companies like Intapp to incentivize and retain key executives.
• Companies such as Salesforce, Workday, and ServiceNow also utilize similar equity-based compensation plans.
• The vesting schedules and performance-based components are generally aligned with industry norms to drive long-term value creation.

Stakeholder Impact

• Shareholders may view the equity grants as a positive sign, aligning management's interests with the company's performance.
• Employees may see this as a reflection of the company's commitment to its leadership team.

Key Dates