Form 4: JELD-WEN Holding Inc. Executive Receives Restricted Stock Units
SEC Form 4 Filing
Daniel P. Valenti, EVP of North America at JELD-WEN Holding, Inc., was granted 6,329 restricted stock units on September 27, 2024.
Summary
- On September 27, 2024, Daniel P. Valenti, EVP of North America at JELD-WEN Holding, Inc., received 6,329 restricted stock units.
- These restricted stock units will vest ratably over three years, on September 27, 2025, September 27, 2026, and September 27, 2027, contingent upon Valenti's continued employment with the issuer.
- Following this transaction, Valenti beneficially owns 24,147 shares of JELD-WEN Holding, Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, which is generally viewed neutrally to positively as it incentivizes management. There are no indications of negative performance or concerns.
Positives
- The grant of restricted stock units aligns the executive's interests with the long-term performance of the company.
- The vesting schedule encourages continued employment and commitment from the executive.
Risks
- The value of the restricted stock units is subject to the market price of JELD-WEN Holding, Inc. common stock, which can fluctuate.
- The executive must remain employed with the company to fully vest the restricted stock units; termination of employment would result in forfeiture of unvested units.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the restricted stock units.
Industry Context
Equity compensation is a common practice in publicly traded companies to incentivize executives and align their interests with shareholders. The vesting schedule is typical for such grants.
Comparison to Industry Standards
- Restricted stock units are a standard form of executive compensation, comparable to grants at companies like Masonite International and Fortune Brands Innovations.
- Vesting schedules of three years are also common, aligning with industry norms for retaining key personnel.
Stakeholder Impact
- Shareholders may view the equity grant as a positive incentive for the executive to drive long-term value.
- Employees may see the grant as a sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 09/27/2024 | Date of transaction: Award of 6,329 restricted stock units. |
| 09/27/2025 | First vesting date for the restricted stock units. |
| 09/27/2026 | Second vesting date for the restricted stock units. |
| 09/27/2027 | Final vesting date for the restricted stock units. |
| 10/01/2024 | Date of signature for the Form 4 filing. |
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