Form 4: JELD-WEN Holding EVP & CFO Samantha Stoddard Reports Acquisition of Restricted Stock Units and Stock Options
SEC Form 4 Filing
Samantha Stoddard, EVP & CFO of JELD-WEN Holding, reports the acquisition of restricted stock units and stock options on July 1, 2024.
Summary
- On July 1, 2024, Samantha Stoddard, the EVP & CFO of JELD-WEN Holding, acquired 9,900 restricted stock units.
- These restricted stock units will vest ratably on July 1, 2025, July 1, 2026, and July 1, 2027, contingent upon continued employment with the issuer.
- Stoddard also acquired options to purchase 9,900 shares of common stock at an exercise price of $12.97 on July 1, 2024.
- These options will vest ratably on July 1, 2025, July 1, 2026, and July 1, 2027, subject to continued employment.
- Following these transactions, Stoddard beneficially owns 78,151 shares of JELD-WEN Holding common stock.
Sentiment
Score: 6
Explanation: The document reflects a neutral sentiment as it reports standard executive compensation practices. It doesn't indicate positive or negative performance, but rather routine grants.
Positives
- The acquisition of restricted stock units and stock options aligns the executive's interests with the long-term performance of the company.
- The vesting schedules incentivize continued employment and contribution to the company's success.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the stock units and options.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Comparison to Industry Standards
- Stock option and restricted stock unit grants are a common form of executive compensation in publicly traded companies like JELD-WEN Holding.
- Vesting schedules of three years are typical to incentivize long-term commitment, similar to compensation packages at companies like Masonite International and Pella Corporation.
Stakeholder Impact
- The grants align executive interests with shareholder value, potentially encouraging decisions that benefit the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: acquisition of restricted stock units and stock options. |
| 07/01/2025 | First vesting date for both restricted stock units and stock options. |
| 07/01/2026 | Second vesting date for both restricted stock units and stock options. |
| 07/01/2027 | Final vesting date for both restricted stock units and stock options. |
| 07/01/2034 | Expiration date for the stock options. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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