Form 4: Integral Ad Science CFO Sells Shares After Vesting of Market Stock Units
SEC Form 4 Filing
Tania Secor, CFO of Integral Ad Science, sold 6,450 shares of common stock at an average price of $10.95 after the vesting of market stock units.
Summary
- Tania Secor, the Chief Financial Officer of Integral Ad Science, acquired 14,526 shares of common stock on December 5, 2024, due to the vesting of market stock units.
- Following the vesting, Ms. Secor sold 6,450 shares of common stock on December 6, 2024, at a weighted average price of $10.95 per share.
- The sale was a mandatory transaction to cover tax liabilities associated with the vesting of restricted stock units.
- The market stock units were granted on December 5, 2022, and vest over a three-year period, with 25% vesting on December 5, 2023, and the remainder in equal installments every three months.
- The number of shares that vest is determined by comparing the stock price on the vesting date to the stock price on December 2, 2022, with a maximum payout of 225% of the target shares and a minimum payout of 60%.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and does not indicate any specific trend in the industry.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units that vest over time.
- The vesting schedule and performance-based criteria for market stock units are common practices in the tech industry.
- The sale of shares to cover tax liabilities is a standard procedure for executives receiving stock-based compensation.
- Comparable companies such as DoubleVerify and PubMatic also use similar equity-based compensation structures for their executives.
Stakeholder Impact
- The sale of shares by the CFO may have a minor impact on the stock price, but it is a routine transaction.
- The vesting of market stock units is part of the executive compensation plan and is not expected to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 12/02/2022 | Reference date for determining the number of shares that vest from market stock units. |
| 12/05/2022 | Date market stock units were granted. |
| 12/05/2023 | First vesting date of the market stock units (25%). |
| 12/05/2024 | Date of vesting of market stock units and acquisition of 14,526 shares. |
| 12/06/2024 | Date of sale of 6,450 shares. |
| 12/09/2024 | Date of signature of the form. |
Keywords
stock sale, insider trading, market stock units, vesting, tax liability, CFO, Integral Ad Science, IAS
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