Form 4: Korn Ferry EVP, CFO & CCO Robert Rozek Reports Changes in Beneficial Ownership

Robert Rozek, EVP, CFO & CCO of Korn Ferry, reports acquisition and disposal of common stock related to vesting of restricted stock.

Summary

• On July 11, 2024, Robert Rozek, EVP, CFO & CCO of Korn Ferry, reported changes in beneficial ownership of Korn Ferry common stock.
• Rozek disposed of 5,074 shares to cover tax withholding obligations related to the vesting of 11,978 restricted stock units at a price of $65.98 per share.
• Rozek also acquired 21,220 shares of restricted stock as compensation for services, which will vest in four equal annual installments starting July 11, 2025.
• Following these transactions, Rozek beneficially owns 175,456 shares of Korn Ferry common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The acquisition of restricted stock is a positive sign, but the disposal of shares for tax obligations is a standard procedure.

Positives

• The acquisition of 21,220 shares of restricted stock indicates continued alignment of executive compensation with company performance.
• The vesting schedule of the restricted stock promotes long-term commitment from the executive.

Future Outlook

The restricted stock vests in four equal annual installments commencing on July 11, 2025, indicating a multi-year compensation plan.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive sentiment and potential alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and ownership.

Key Dates