Form 4: Intapp Director, Beverly Allen, Receives Restricted Share Units

Beverly Allen, a director at Intapp, Inc., was granted 3,817 restricted share units under the company's 2021 Omnibus Incentive Plan.

Summary

• Beverly Allen, a director of Intapp, Inc., received 3,817 restricted share units on November 13, 2024.
• These restricted share units were granted under the company's 2021 Omnibus Incentive Plan.
• Each restricted share unit represents the right to receive one share of Intapp, Inc. common stock.
• Following this transaction, Ms. Allen beneficially owns 33,212 shares of Intapp common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine equity grant, which is generally positive for aligning interests but not a major market-moving event.

Positives

• The grant of restricted share units aligns the director's interests with those of the shareholders.
• The 2021 Omnibus Incentive Plan is being utilized to incentivize key personnel.

Industry Context

This type of equity grant is a common practice for publicly traded companies to incentivize and retain board members and key employees.

Comparison to Industry Standards

• Equity grants are a standard form of compensation for directors in publicly listed companies, aligning their interests with shareholders.
• Companies like Salesforce, Workday, and ServiceNow also use similar equity-based compensation plans for their directors and executives.

Stakeholder Impact

• The grant of restricted share units may have a slightly positive impact on shareholder sentiment as it aligns director interests with company performance.

Key Dates

Keywords

Intapp, restricted share units, director, beneficial ownership, equity compensation, Form 4, Omnibus Incentive Plan